Increased Profit is Not a Solution For Climate Change
Insurance company involvement in climate research is not new. Swiss Re one of the largest insurance companies in the world has long sponsored climate research as their web page proclaims, “As a leading global reinsurer we actively research, model and reinsure natural catastrophe risks from floods through winter-storms to hurricanes. We have therefore followed the development of climate change for over 20 years and participated in, or sponsored, 100’s (sic) of events and projects ranging from research and awareness building to product development and managing our own carbon footprint.”
They were a founding sponsor of Climate Week NYC this year attended by those great climate experts former British Prime Minister Tony Blair and UN Secretary General Ban Ki-Moon.
Their presence and the error-filled address by President Obama reflect the concern that the public is not buying their climate story and Copenhagen will fail. Swiss Re’s comment that “Climate Week NY°C is an important step for us on the “Road to Copenhagen” where policy makers will make important decisions on reducing global greenhouse gas emissions and adaptation funding including the use of risk- transfer mechanisms” takes lobbying to a new level.
Swiss Re increased activity in climate research after hurricane Andrew.
A major misdirection was created when increased cost for hurricane insurance claims was incorrectly used to say hurricane frequency had increased. Zurich and Swiss Re both promote the false science of the IPCC without questioning its validity because it benefits them. Is it good business? Yes. Is it moral, scientifically accurate and good for society? No. It is pure, unadulterated, hypocritical, exploitation. Would they sponsor research that showed climate variations were quite normal and risk levels were not elevated? Of course not, any more than the Intergovernmental Panel on Climate Change entertains climate skeptics.
Most IPCC members are bureaucrats chosen by their governments and whose jobs depend on adhering to the political line. The others are researchers also funded by governments.