If you’re underwriting the world, you need to guess right.

“Scientists are suspect.” “Environmentalists are biased.” “Think tanks are political.” “The press knows a hoax when they see it.”

That’s how the Denial crowd see climate change predictions.  Could they be right? If so, where can we look for a balanced judgment of the issue?

How about an organization that 1) needs to look long-term, 2) has lots at stake, and 3) has the expertise to evaluate future scenarios? How about a global insurance company? What are Lloyds of London saying?

“Business can no longer rely on low-cost traditional energy sources. We are heading towards a global oil supply crunch and price spike.”

“Energy infrastructure will become increasingly vulnerable as a result of climate change and operations in harsher environments.”

What does Lloyds recommend?

“To manage increasing energy costs and exposure, businesses must reduce fossil fuel consumption.”

“Businesses which prepare for the new energy reality will prosper – failure to do so could be catastrophic.”

A new reality. In it Lloyds sees lots of new costs and disruptions looming for businesses.

And who will businesses pass those problems on to? That would be you and me, their consumers and employees.

If Lloyds is worried, let’s hope that businesses are listening.

(Read the report for details). And check what Wall Street, the Pentagon, and the German military are saying.