Barclays spots a chance to profit from extreme weather crisis
Barclays spots a chance to profit from extreme weather crisis
Barclays spots a chance to profit from extreme weather crisis
Europe’s biggest funder of fossil fuels urges investors to see an opportunity in ‘super’ El Niño that could leave millions starving
Barclays has highlighted “opportunities” to profit from a devastating food crisis that could leave more than 100 million people hungry.
As wildfires rip across France and Spain, forecasters predict a “super” El Niño weather cycle in 2026/27, which could bring even more extreme weather that would threaten harvests and food supplies across the globe. Populations already battling famine and poverty are likely to be among the worst hit.
Writing to clients earlier this month, however, Barclays urged them to look on the bright side and see the coming catastrophe as a potential money-maker.