Climate Hysteria and Credit Ratings

As another brick in the wall of climate hysteria, apparently Standard & Poor's Ratings Services is warning that "climate change will hurt nations' credit ratings." Not may, not might, not likely to -- but will: "Poorer countries and nations with already low ratings will be hit the hardest by the effects of climate change ... [and] emerging markets in Africa and Asia are the most at risk ... [S&P] classifies climate change as a global mega-trend and estimates that countries around the world will suffer from the effects of warming weather, primarily in their economic growth and public finances. While S&P has not yet changed a national government's credit rating based on extreme weather events, which have been increasingly linked to climate change, it points out that weather-related losses have been on the rise on all continents. This could become a factor in future credit ratings, S&P noted." As Roger Pielke and others have...(Read Full Article)