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An Investor Asks: What does El Niño mean for my portfolio?
I’ve spent a lot of time on this page exploring the implications of extreme weather for companies and sectors. This year looks set to illustrate some of these effects in real time. Last week, the US National Oceanic and Atmospheric Administration (NOAA) confirmed that El Niño has developed with experts suggesting it could be among the
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Can AI solve Climate Change?
I recently wrote about the very real physical climate risks facing the datacentres that power the diffusion of AI throughout the economy. Investors are also vocal in their concerns about the very real resource intensity of these data centres in terms of their impact on the environment, grids and political power struggles. But something important
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US Hyperscalers have an Extreme Weather Problem
When I used Claude to build a US Large Cap Resilience Index recently, something jumped out at me. Something I haven’t seen much in-depth research on. I have seen a lot of coverage of the resource intensity of data centres powering AI – the intense demand for energy and water And rightly so; these data
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Mapping Climate Resilience in the Operations of America’s Largest Companies
After a much-needed break from my pal Claude, I returned recently to the next and most challenging step in my AI-assisted adaptation and resilience portfolio experiment: mapping company operations exposure to physical climate risk. As I have pointed out before, physical climate risk is location-specific. So to understand where the investment opportunities are for resilient