JP Morgan Economists Warn of 'Catastrophic Outcomes' of Human-Caused Climate Crisis
By Julia Conley
Climate campaigners on Friday expressed hope that policymakers who are stalling on taking decisive climate action would reconsider their stance in light of new warnings from an unlikely source: two economists at J.P. Morgan Chase.
Extinction Rebellion spokesperson Rupert Read revealed Thursday that he had obtained a report, entitled "Risky Business: Climate and the Macroeconomy," by J.P. Morgan economists David Mackie and Jessica Murray. The report issued warnings to bank clients similar to those promoted by climate action groups — describing extreme weather events and global conditions that could result from the continued extraction of fossil fuels.
In doing so, the economists implicated the bank's own investment activities in the potentially catastrophic effects of the climate crisis.
J.P. Morgan is the world's largest financial backer of fossil fuel companies, helping to fund fracking, pipeline projects, and Arctic oil and gas exploration. The company has contributed $75 billion to such projects since the Paris climate agreement was forged in 2015. The agreement called on governments to reduce fossil fuel emissions to help limit global heating to 1.5° Celsius above pre-industrial temperatures.
If activities like the ones funded by J.P. Morgan continue to release fossil fuels into the atmosphere, Murray and Mackie wrote, "We cannot rule out catastrophic outcomes where human life as we know it is threatened."
Failing to move away from global systems that scientists agree are causing the planet to warm "would likely push the Earth to a place that we haven't seen for many millions of years," they added.
On Twitter, Read pointed out the incongruity of such "radical truth-telling" coming from J.P. Morgan.
P.1 of new report on ‘Risky business: climate and the macroeconomy’: “We cannot rule out catastrophic outcomes wher… https://t.co/Re4ZWnE6Ag— Rupert Read 🌍 (@Rupert Read 🌍)1582117999.0
Others highlighted the report as one that might catch the attention of others in the financial services industry and people who believe bold climate action is a cause embraced by a minority of extremists.
Don’t want to hear @GretaThunberg or @ExtinctionR? Try JP Morgan instead https://t.co/ntXxdWvUJj— christabel bradley (@christabel bradley)1582241196.0
All those folks harassing @GretaThunberg and other climate activists over their age should read what JP Morgan foun… https://t.co/yliQyBAik3— Matthew Smith (@Matthew Smith)1582315458.0
"Hardly a bank you could call communist now, is it?" tweeted journalist Dom Phillips.
Citing reports by the International Monetary Fund (IMF) and the Intergovernmental Panel on Climate Change (IPCC), the authors note that with the status quo kept in place, the planet is expected to reach a temperature 3.5° above pre-industrial levels.
In addition to major impacts on the world economy, the authors wrote, the climate crisis will affect human health, water supplies, and migration.
The report comes just weeks after CNBC host Jim Cramer announced fossil fuel investments are "in the death knell phase" and that "the world's turned on" the industry as it did on tobacco as understanding grew about the risks of smoking.
"It is clear that the Earth is on an unsustainable trajectory," reads the report. "Something will have to change at some point if the human race is going to survive."
The authors advocated for a global carbon tax but said, "This is not going to happen anytime soon" and called the continued investment in climate-warming fossil fuels a global problem with "no global solution ... in sight."
Bill McKibben, co-founder of 350.org, suggested that as one solution, the economists "might want to talk with the Chase bankers who are guaranteeing [climate catastrophe] will happen by lending oil companies endless cash."
The JPMorganChase economists who are privately warning their high-end clients about the economic catastrophe of cli… https://t.co/NS56fgWLLs— Bill McKibben (@Bill McKibben)1582309663.0
Activist Becky Brunton said the report offers the latest evidence that those with the power to stop supporting fossil fuel projects are fully aware of the damage their investments are doing to the planet.
"They know. They ALL know," tweeted Brunton. "But the now (profits) outweighs the future (earth)."
Reposted with permission from Common Dreams.
EcoWatch Daily Newsletter
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By Julia Conley
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By Beth Ann Mayer
Since even moderate-intensity workouts offer a slew of benefits, walking is a good choice for people looking to stay healthy.
How to Rock Your Walk<p>Walking isn't just fun and healthy. It's accessible.</p><p>"Walking is cheap," says Dr. John Paul H. Rue, a sports medicine doctor at <a href="https://mdmercy.com/" target="_blank">Mercy Medical Center in Baltimore</a>. "You can do it anywhere at any time; [it] requires little to no special equipment and has many of the same cardio benefits as running or other more intense workouts."</p><p>Want to up your walking game? Try the tips below.</p>
Use Hand Weights<p>Cardio and strength training can go hand-in-hand when you add weights to your walk.</p><p>A <a href="https://journals.lww.com/acsm-msse/Fulltext/2019/03000/Associations_of_Resistance_Exercise_with.14.aspx" target="_blank">2019 study</a> found that weight training is good for your heart, and <a href="https://www.mayoclinicproceedings.org/article/S0025-6196(17)30167-2/abstract" target="_blank">research</a> shows it reduces the risk of developing a <a href="https://www.healthline.com/health/nutrition-metabolism-disorders" target="_blank">metabolic disorder</a> by 17 percent. People with metabolic disorders have a higher chance of being diagnosed with high cholesterol, high blood pressure, and diabetes.</p><p>Rue suggests not carrying weights for your entire walk.</p><p>"Hand weights can give you an added level of energy burning, but you have to be careful with these because carrying [them] over a long period of time or while walking could actually lead to some overuse injuries," he says.</p>
Make It a Circuit<p>As another option, consider doing a circuit. First, put a pair of dumbbells on your lawn or somewhere in your home. Walk around the block once, then stop and do some bicep curls and tricep lifts before walking around the block again.</p><p>Rue recommends <a href="https://www.healthline.com/health/exercise-fitness/running-with-weights" target="_blank">avoiding ankle weights</a> during cardio workouts, as they force you to use your quadriceps rather than hamstrings. They can also cause muscle imbalance, according to the <a href="https://www.health.harvard.edu/staying-healthy/wearable-weights-how-they-can-help-or-hurt" target="_blank">Harvard Health Letter</a>.</p>
Find a Fitness Trail<p>Strength training isn't limited to weights. You can get stronger by <a href="https://www.healthline.com/health/bodyweight-workout" target="_blank">simply using your body</a>.</p><p>Often found at parks, fitness trails are obstacle courses with equipment for pullups, pushups, rowing, and stretches to build upper and lower body strength.</p><p>Try searching "fitness trails near me" online, checking out your local parks and recreation website, or calling the municipal office to <a href="https://calisthenics-parks.com/" target="_blank">find one</a>.</p>
Recruit a Friend<p>People who workout together stay healthy together.</p><p><a href="https://bmcgeriatr.biomedcentral.com/articles/10.1186/s12877-017-0584-3" target="_blank">One study</a> showed that older adults who exercised with a group improved or maintained their functional health and enjoyed their lives more.</p><p>Enlist the help of a walking buddy with a regimen you aspire to have. If you don't know anyone in your area, apps like <a href="https://www.strava.com/" target="_blank">Strava</a> have social networking features so you can get support from fellow exercisers.</p>
Try Meditation<p>According to the <a href="https://www.nccih.nih.gov/research/statistics/nhis/2017" target="_blank">2017 National Health Interview Survey</a>, published by the National Institutes of Health, meditation is on the rise, and for good reason.</p><p>Researchers <a href="https://pubmed.ncbi.nlm.nih.gov/29616846/" target="_blank">found</a> that mind-body relaxation practices can regulate inflammation, <a href="https://www.healthline.com/health/biological-rhythms" target="_blank">circadian rhythms</a>, and <a href="https://www.healthline.com/health/glucose" target="_blank">glucose</a> metabolism, as well as lower <a href="https://www.healthline.com/health/high-blood-pressure-hypertension" target="_blank">blood pressure</a>.</p><p>"Any form of exercise can be turned into a meditation of some type, either by the surroundings you are walking in, like a park or trail, or by blocking out the outside world with music on your headphones," Rue says.</p><p>You can also play a podcast or download an app like <a href="https://www.headspace.com/headspace-meditation-app" target="_blank">Headspace</a> that has a library of guided meditations to practice while you walk.</p>
Do Fartlek Walks<p>Typically used in running, fartlek intervals alternate periods of increased and decreased speed. These are <a href="https://www.healthline.com/nutrition/benefits-of-hiit" target="_blank">high-intensity interval training (HIIT)</a> workouts, which allow exercisers to accomplish more in less time.</p><p><a href="https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0154075" target="_blank">One study</a> showed that 10-minute interval training improved <a href="https://www.healthline.com/health/metabolic-syndrome" target="_blank">cardiometabolic</a> health, or lowered the risk of heart disease, stroke, and diabetes, just as well as working out at a continuous pace for 50 minutes.</p><p><a href="https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0111489" target="_blank">Research</a> also shows that HIIT workouts increase muscle <a href="https://www.healthline.com/health/fast-twitch-muscles" target="_blank">oxidative</a> capacity, or the ability to use oxygen. To do a fartlek walk, try walking at an increased pace for 3 minutes, slow down for 2 minutes, and repeat.</p>
Gradually Increase Pace<p>A faster walking pace is associated with a lower risk of <a href="https://www.healthline.com/health/copd" target="_blank">chronic obstructive pulmonary disease (COPD)</a> and respiratory diseases, according to a <a href="https://pubmed.ncbi.nlm.nih.gov/30303933/" target="_blank">2019 study</a>.</p><p>Still, it's best not to go from a stroll to an Olympic-worthy power walk in a day. Instead, increase your pace gradually to prevent injury.</p><p>"Start by walking at a brisk pace for about 10 minutes per day, 3 to 5 days per week," Rue says. "Once you've done this for a few weeks, increase your time by 5 to 10 minutes per day until you get to 30 minutes."</p>
Add Stairs<p>You've likely heard that taking the stairs instead of an elevator is a way to add more movement into your daily routine. It's also a way to step up your walking. Stair climbing has been shown to <a href="https://www.sciencedirect.com/science/article/pii/S2211335519301123?via%3Dihub" target="_blank">decrease the risk of mortality</a> and can easily add a bit more challenge to your walk.</p><p>If you don't have stairs in your home, you can often find them outside a local municipal building, train station, or at a high school stadium.</p>
Is Your Walk a True Cardio Workout?<p>Not all walks are equal. A walk that's too leisurely may not provide enough burn to qualify as cardio. To see if you're getting a good workout, try to <a href="https://www.healthline.com/health/how-to-check-heart-rate" target="_blank">measure your heart rate</a> using a monitor.</p><p>"A target goal for a good walking workout heart rate is about 50 to 70 percent of your maximum heart rate," Rue says, adding that maximum heart rate is <a href="https://www.healthline.com/health/fitness-exercise/fat-burning-heart-rate" target="_blank">typically calculated</a> by 220 beats per minute minus your age.</p><p>You can also monitor how easily you can carry on a conversation while you walk to gauge your heart rate.</p><p>"If you can walk and carry on a normal conversation, that's probably a lower intensity walk," says Rue. "If you are slightly breathless but can still have a conversation, that's probably a moderate workout. If you are out of breath and can't talk normally, that's a vigorous workout."</p>
Takeaway<p>By shaking up your routine, you can add excitement to your workout and reap even more rewards than a basic walk provides. Increasing the pace and intensity of a workout will make it more effective.</p><p>Simply pick your favorite variation to add some spice to your next walk.</p>
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