Emily Cunningham

The climate crisis poses *significant* financial risks to Amazon. And not just in the usual ways one expects, like disruptions to business operations. What and how big are these risks? Investors need transparency on Amazon's risk assessment and management plans. THREAD 1/

Yet, money talks. Financial risk talks. I've tried taking some stabs at the financial reasons for climate action and risks to investors the climate crisis poses, but it's been harder to wrap my head around. 3/https://twitter.com/emahlee/status/1074477020543778816 …

Luckily, I recently spoke with @AlexSteffen on the very real and imminent financials risks Amazon, and other companies, face who are not grappling with climate on a strategic, company-wide level. This thread was born out of Alex's thinking. Un mil de gracias, Alex! 4/

Biggest takeaway: climate is a fundamental, strategic driver of Amazon's risks and opportunities. Amazon may not be a fossil fuel company, but that doesn't mean it's safe from the inevitable carbon bubble and a large-scale market correction. 6/

The carbon bubble won't just impact the fossil fuel industries. A correction often starts off rational and then panic ensues. Contagion will spill over to other companies that are 1) highly dependent on fossil fuels and, 2) whose business model services fossil fuel companies. 7/

Example of (2): banks who lend to fossil fuel companies. Let's unpack (1) and (2) as it relates to Amazon, shall we? 8/