Lifestyle

Assessing the impact of climate risks on the financial system
April 11, 2017 10:59 AM - University of Zurich

In the wake of 2015 Climate Paris Agreements to limit global temperature below 2°C above pre-industrial levels, many governmental and private stakeholders have advocated for the introduction of policies to mitigate climate change. This would affect directly only the fossil-fuel and utility sector, but it would also expose indirectly many other economic sectors, in particular the energy-intensive sectors. The financial system can be affected due to its exposure to firms in the form of equity shares, bonds holdings and loans. However, the impact of climate policies on the financial system has remained unclear so far.

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SPOTLIGHT

The Dangers Behind Fast Food Packaging

Susan Bird, Care2

We’ve all known for a long time that eating fast food is bad for you. It’s greasy, fatty, high in sodium and the calorie count is obscene. Now comes news that even the packaging that food comes in might be dangerous to your health.

A new study found dangerous chemical compounds in almost half of the 400 fast food containers it tested from 27 fast food franchises. Packaging tested in this study came from the Big Four: McDonald’s, Chipotle Mexican Grill, Starbucks and Yum! Brands, Inc., which operates Taco Bell, KFC, Pizza Hut and WingStreet.

The substances in question are perfluorinated chemicals (PFCs). That’s the same stuff that once was used to make Dupont’s Teflon before it had to be removed from the market. It’s also used in carpeting, furniture, clothing and cosmetics because of its water-repellant and stain-resistant qualities. We’re exposed to it every day.

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