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Traders ignoring climate change may be in for a shock - and BlackRock says America's aging utilities are most at risk

Posted On: Apr 18, 2019   |   Posted By: Business Insider

Traders ignoring climate change may be in for a shock - and BlackRock says America's aging utilities are most at risk

US utilities are at increasing risk of damage to their plants and stock price as climate change ups the likelihood of extreme weather events.
Investors in these stocks could face "significant portfolio damage" one investing expert says, if investment decisions aren't aligned with climate risk.
Utilities which fail to prepare for climate change related increases in extreme weather events trade at a discount and could impact investors in the long term, according to BlackRock research.
Climate change is here.
And investing gurus are sounding the alarm for investors about the looming impact on publicly owned US utilities, which looks to bear the brunt of changes in the earth's climate. Just look at PG&E.
BlackRock, one of the world's largest asset managers, says that US utility companies with aging infrastructures are especially underprepared for "climate shocks," and investors should take note.
"Extreme weather risks already threaten utility stocks - and are set to rise in frequency and intensity over time -...

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