Hurricane Sandy (2012)
The carbon taxes we're already paying
The carbon taxes we're already paying

In June, a decades-long open secret hit the media like a typhoon: Climate change is the fundamental economic challenge of our time. The bipartisan troika of former New York Mayor Michael Bloomberg, hedge fund mogul Tom Steyer and former Treasury Secretary Henry Paulson funded the report, titled "Risky Business," which estimated that on its current trajectory, climate change could cost the U.S. economy hundreds of billions of dollars by 2050. President Obama cautioned environmental leaders at a League of Conservation Voters dinner to prepare the American public for the costs ahead from re-engineering the energy grid away from fossil fuels. These assertions, as welcome as they...