Climate Changed
Wall Street Embraces Weather Risk in New Era of Storms
- Climate change revs up number, intensity of weather disasters
- New high priests of finance: Forecasters who keep cash flowing
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Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts.
Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in Louisiana, nudged southward by a jet stream unsettled by global warming, can push rising winds into the Gulf, putting dozens of floating oil rigs at risk.