The good news about global warming

Apr 2013
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Left coast
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And here you thought it was all bad. Well, like most things there is a silver lining. EvilBigPharma is getting set to make a killing. Enjoy your large dividend checks as you lay there sick and hurting.

"Many of those that filed reports with CDP said they believe climate change can bolster demand for their products," Bloomberg's Christopher Flavelle reports:
  • "[M]ore people will get sick. 'As the climate changes, there will be expanded markets for products for tropical and weather related diseases including waterborne illness,' wrote Merck & Co."
  • "More disasters will make iPhones even more vital to people’s lives, Apple predicted."
Axios health care editor Sam Baker rummaged through the reports and found that climate change could be big business for pharma:
  • AbbVie: "Climate change may create a greater need for existing or even new products … higher temperatures and drought conditions are becoming extreme … Our immunology product line could see an increase in sales as a result."
  • Eli Lilly: "These risks may drive an increased demand for ... our diabetes products."
  • Pfizer: "There could be an increased demand for products related to diseases impacted by climate change."
These financial benefits are, of course, anomalies — most impact will be dire. Axios' Ben Geman points out that companies like Coca-Cola, which worries about water shortages, have long realized the risks to their operations.

Some companies view climate change as a potential business opportunity
 
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