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Managing Director
Resourcient
Struck by fire and flood, first from two hurricanes enhanced by climate change, and then by heat and drought enhanced fires, our urge is to rapidly assist, fix and rebuild. A more thoughtful response should also address what exactly should be fixed, and how and where to rebuild with greater resilience. For Houston, Florida, Puerto Rico, and Napa and Sonoma Counties, these are gut-wrenching questions with few easy answers. The typical and very human response — quick rebuilds — is attractive to construction companies looking for work and banks providing short-term construction loans. Politicians and communities like them because they… [more]
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Research Analyst
Fuel Freedom Foundation
In the wake of Hurricane Harvey, the average price of a gallon of gasoline nationwide spiked by 25 cents, with some states seeing an increase of as much as 42 cents per gallon. This is the largest increase in a single week since the 49-cent jump following Hurricane Katrina in 2005. The fact that the entire nation’s fuel infrastructure can be disrupted by a localized single event is deeply concerning. In fact, our economy is disproportionately reliant on oil —10 of the previous 11 U.S recessions were preceded by a spike in oil prices (and subsequently gasoline). Indeed, as Michael… [more]
View InsightCalifornia, New York, and Washington will require that large insurance companies, including some of the best auto insurance companies, operating within those states disclose how they respond, and plan to respond, to the risks posed by climate change. [New York Times] The U.S. in 2011 experienced a record number of natural disasters, and the costs of recovery – much of which will be borne by the insurance industry – are expected to exceed $50 billion. [New York Times] “We want to make sure that the financial soundness and stability of the insurance companies are not jeopardized by inadequate preparation for… [more]
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