Climate - truthful information about climate, related activism and politics.

It is the stock brokerage division of banks giving their boiler room reps a “hot tip” lead.

"When it gets hot, people will use more air conditioning." Thanks Morgan Stanley, that's some real insider knowledge.

Yes, banks should worry about all these risks. Climate change is a large systematic risk so it make sense to worry about it as well.

Meanwhile, megabanks like Wells Fargo are backsliding on their previous climate pledges and exiting from the Net-Zero Banking Alliance, a United Nations-backed group that encouraged members to slash their emissions in line with the Paris Agreement.

Multiple US banks and entities are backtracking their goals of lowering emissions, wich is the main solution to limit the risks of climate change.

They're setting themselves up, and us collectively, for higher risks of flood, drought, sea rise, ...

Take the money and run

In the case of climate change and being a profit seeking business, I'd assume attempt to identify things whose demand will increase, like land in the areas predicted to remain most comfortable to live, farmland in areas least likely to lose productivity, companies that produce things like water desalination infrastructure, etc, and buy those things early before they become more expensive.

Buy up primary resources that are unlikely to devalue from climate change (such as indoor farming, solar panel factories, and housing in walkable areas that are less vulnerable to climate disaster like Dublin).

Buy up the tools by which the powerful will desperately cling to power (such as the military industrial complex, media/propaganda channels, and privatized human rights like health care).

Bribe politicians, fund authoritarian-capitalist propaganda, and organize coups to put fragile dictatorships in charge of valuable strategic/industrial resources (like lithium, rare earths, fossil fuel, uranium, etc.).