Trying to set a dangerous precedent

Lawyers and NGOs smell blood. They are trying to use the court system to get damages for climate related disasters from companies responsible for emitting carbon dioxide.  So far, no damages have been paid out by the courts.  That's a good thing, because it seems like lawyers and NGOs want to be able to sue any company emitting greenhouse gasses for any negative weather event.  There would a giant swooshing sound as more resources in the economy flowed out of productive enterprises into the hands of lawyers.

About

I studied Bioengineering at the University of California at San Diego. While there I served as a trustee on the investment committee of the UCSD Student Foundation, a group that manages an endowment to fund scholarships. While in college I applied my interest in finance and economics by working as a summer associate at Clarium Capital Management, working part time my senior year, and joining full time when I graduated in 2006, staying there through August 2010. I am currently working as a portfolio manager at another global macro hedge-fund in the Presidio (And blogging about more directly market related ideas at their restricted blog). I’ve been focusing on quantitative finance, currencies, commodities, the interplay between finance and politics, demography and other long term trends.

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