BIGGEST RISK with Owen Barrett

Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you Owen Barrett, What is the BIGGEST RISK?

Owen Barrett

Yeah, I think it's easy. It's climate change. I think it's climate change. For a number of reasons. From a utility perspective, I mean, look at the heatwave that we have going on now, in the Southwest US, how are utilities going to keep up with all that demand? Assuming that this is like the new normal. From an from an insurance perspective, we're seeing major insurers pull out of entire states, because the climate risks are too high state farm just pulled out of California due to wildfires, and Florida due to Hurricane risks. So there's so many adverse effects of climate change that are going to just perpetuate through all different pieces of the economy. Agriculture is a huge one too. I mean, thinking about your food supply and how that's gonna get affected. There's just there's so many risks of climate change, that it is just mind boggling to me that it's not everybody's number one priority to do everything in their power, whether as an individual or corporation and institutional investor to solve this as fast as possible, because I think we're moving entirely too slow.