Billionaire philanthropist and former mayor of New York City Michael Bloomberg says that if the federal government won’t address climate change, the people — including businesses and cities — have to.
“It’s something we really should worry about,” Bloomberg told late night host Stephen Colbert, adding that business-minded people should look at addressing the changing climate as an insurance policy.
“There’s a risk, and a businessperson would take appropriate protections,” Bloomberg said. “You don’t think you’re going to die, but you still buy a life insurance policy.”
Take a look at the clip above.
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