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Modeling Extreme Meteorology (Weather) Risk for the Gulf Stream

Dr. Rudi Dornbusch, the long-time international economics professor at the Massachusetts Institute of Technology (MIT), once described a phenomenon regarding momentum. Now known as Dornbusch’s Law, it posits that crises can take much, much longer to materialize than one might expect; however, once they do occur, they can then generate catastrophic outcomes extremely quickly.
Michael Kraten
April 17, 2024
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Did The COP28 Global Climate Summit Do More Harm Than Good?

A person with a severe case of diabetes visits his physician. “Doctor,” he says, “I constantly feel tired and thirsty. I’m also losing weight. What’s wrong?” The physician replies “What’s wrong? You have diabetes! It sounds like you’re eating too much sugar. What did you have for lunch today?” “Three doughnuts and a jumbo-sized cola.” The physician rolls his eyes.…
Michael Kraten
February 21, 2024
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Why Do Canadian Forests Burn So Easily?

A few years ago, as the skies over San Francisco darkened into a nightmarish toxic orange color, many assumed that the city’s proximity to California’s forest wildfires made it uniquely vulnerable to such occurrences. But then, last year, the skies over New York City underwent the same lethal transformation because of wildfires in the Canadian forests. That’s when many realized…
Michael Kraten
February 14, 2024
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Apple And Overstock: The Value Of A Name

Although all Americans celebrate Independence Day on July 4, those who own Apple stock may be rejoicing more than others this year. On the final trading day before the holiday weekend, Apple became the first publicly traded company to achieve a $3 trillion market value.
Michael Kraten
October 11, 2023
ESG/SustainabilityInformation

Sustainability Standards: Is This An Improvement?

by Michael Kraten, PhD, CPA What is the most common complaint heard about the current state of sustainability reporting standards? It may be the bloated number of free-standing, independent, overlapping, and often conflicting standards. Regrettably, no single entity has yet emerged as the clear consensus choice for defining corporate disclosures. There were hopes, though, that this situation would have improved two weeks…
Michael Kraten
August 15, 2023
ESG/SustainabilityInformationValue Chain Sustainability Laws

Groundbreaking lawsuit against BNP Paribas

French banking giant sued for financing fossil fuel companies This is another post in our series of blog posts on Value Chain Sustainability laws. Several non-governmental organizations (NGOs) filed a summons against BNP Paribas on February 23, 2023. At issue is whether the bank’s climate risk plan is inadequate, in violation of the French Duty of Vigilance law. The plaintiffs…
Allen Campbell
March 10, 2023