This episode is brought to you by Shopify. With Shopify, 2026 is the year you make it happen. It gives you the tools to build your dream store, online and in person. Plus with marketing built in, it'll help you reach exactly who you need to. Join the millions who've already made the leap, like Jim Shark and all birds, and ring in the new year with Shopify.

Sign up for your £1 per month trial at Shopify.com.uk.

This Climate One podcast is sponsored by General Motors.

How will we power our future? Can we create a healthy and clean economy? Climate One at the

Commonwealth Club is at the forefront of the global debate about energy, economy, and the environment.

Bringing together the brightest and most provocative leaders of our time, Climate One is the place

where big ideas get heard. With thoughtful and insightful discussions on policy, business, science, and culture, Climate One is the place where big ideas get heard. With thoughtful and insightful discussions on policy, business, science, and culture,

Climate One founder Greg Dalton, gets to the heart of the matter.

It's our future. It's time to come together.

I'm Greg Dalton, and today on Climate One, we're looking at the risks and opportunities of energy stocks.

Severe weather, partially driven by burning fossil fuels, has chilled the profits of companies,

including FedEx, General Motors, Intel, McDonald's, and Toyota.

Those companies have bounced back since their earnings took a hit from the 2011 floods in Thailand

and the polar vortex of 2014.

But a small and growing click of investors is saying that climate disruption is hitting

the overall economy and could punch fossil fuel companies in the face.

If countries get serious about fighting climate change, oil and coal firms could see a decline

in their revenues and share prices.

That would hurt essentially every American with stocks in their retirement account.

The governor of the Bank of England, Mark Carney, says that possibility should be studied,

and some oil companies agree.

Over the next hour, we'll discuss investing during a time of economic transition.

...