Letters to the Editor

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DISASTERS: Divert funds from speculative climate change investments

Letter by Richard N. Pierson, Federal Way on Jan. 8, 2013 at 11:26 am | No Comments »
January 8, 2013 11:26 am

I like the idea of a national disaster fund as outlined in a Miami Herald editorial (TNT, 1-6). Money for such a fund could come from current and proposed programs of highly speculative investments attempting to mitigate climate change.

When impacts from climate change occur, as was suggested by Superstorm Sandy, we would then have dedicated funds to compensate victims of catastrophic losses rather than funding highly uncertain returns from currently proposed climate change mitigation programs.

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