{"id":337916,"date":"2024-07-29T18:00:53","date_gmt":"2024-07-29T16:00:53","guid":{"rendered":"https:\/\/climatescience.press\/?p=337916"},"modified":"2024-07-29T18:00:55","modified_gmt":"2024-07-29T16:00:55","slug":"all-companies-should-report-they-will-be-destroyed-by-climate-change-in-the-next-decade","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=337916","title":{"rendered":"All Companies Should Report They will be Destroyed by Climate Change in the Next Decade"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

Companies in Australia are being warned they shouldn\u2019t play down climate risks. For once I agree with the green regulators.<\/p>\n\n\n\n

\n

Warning to Aussie firms on mandatory climate reporting<\/strong><\/p>\n\n\n\n

By Marion Rae
Updated <\/strong>July 26 2024 \u2013 11:16AM, first published 11:12AM<\/p>\n\n\n\n

Almost one in five of Australia\u2019s top 200 companies are providing very little reporting on their climate risks ahead of the implementation of mandatory disclosure.<\/p>\n\n\n\n

The Australian Council of Superannuation Investors report<\/a> released on Friday found the majority of ASX200 members have net-zero commitments and most have also set interim targets, which helps investors to gauge the credibility of a company\u2019s plans. <\/p>\n\n\n\n

But gaps remain in the depth and scope of climate reporting, with some companies only partially reporting on their climate risks and 18 per cent doing almost nothing.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

More than 6000 entities will be required to report under new climate-related disclosure requirements in the next few years, with critics concerned about the cost of more green tape for business.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.canberratimes.com.au\/story\/8708681\/warning-to-aussie-firms-on-mandatory-climate-reporting\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

For now most companies appear to be trying to avoid putting bad news in their company reports, apparently glossing over the required climate reporting risks, using qualitative language instead of quantitatively applying the latest \u201cscience\u201d.<\/p>\n\n\n\n

But what would happen if companies did the opposite? Took the wildest, most extreme IPCC projections, and reported in their prospectus there was nothing they could do to prevent the irreversible destruction of their companies? What if they told investors should be aware in 10 years or (pick a number) the company will no longer exist due to the ravages of climate change? That they intend to take no action to avert this risk, because no meaningful action is possible, due to rising emissions in China, India and Africa?<\/p>\n\n\n\n

This would put the spotlight on the scientists making those predictions, not the companies reporting imminent climate catastrophe.<\/p>\n\n\n\n

Because none of those predictions are true. We\u2019ve already experienced almost two centuries of global warming, and nothing bad has happened. Year after year we see climate doomsday predictions expire with none of the calamities they predicted coming to pass<\/a>.<\/p>\n\n\n\n

By taking all these wild predictions literally, and putting the scariest possible prognosis in company reports, companies will not only avoid prosecution for non-compliance with absurd climate reporting laws, they will expose the most ridiculously extreme climate predictions to more public scrutiny \u2013 and in doing so will do everyone, including themselves, a big service.<\/p>\n\n\n\n

\n\n\n\n

Update (EW): The Government got caught by their own climate disclosure push in 2023. Last year a law student won a court case forcing the government to admit in all future debt raising that the debt might not be repaid due to climate change (thanks John the Econ<\/a> for prompting me to remember this). The government still has no problem raising debt.<\/p>\n\n\n\n

Did a Climate Alarmist Law Student Just Kill the Green Movement? \u2013 Watts Up With That?<\/a><\/p>\n\n\n\n

The whole point is to argue shareholder value is maximised by taking no action. Investors will read the loopy warning and ignore it.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

For now most companies appear to be trying to avoid putting bad news in their company reports, apparently glossing over the required climate reporting risks, using qualitative language instead of quantitatively applying the latest \u201cscience\u201d.<\/p>\n","protected":false},"author":121246920,"featured_media":337919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818216,691819134,691829895,691818154],"class_list":{"0":"post-337916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-australia","9":"tag-climate-alarmism","10":"tag-extreme-ipcc-projections","11":"tag-net-zero","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0Head-in-hands-1200-shutterstock_668367250.webp?fit=1200%2C800&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1pUg","jetpack-related-posts":[{"id":402751,"url":"https:\/\/climatescience.press\/?p=402751","url_meta":{"origin":337916,"position":0},"title":"Aussie 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