The Rising Influence of Rising Affluence

[DewDiligence]

Exercise on climate-change risk…

The portfolios I own or manage contain the following 20 names (in alphabetical order):

• ABT
• AMZN
• BMY
• CAT
• CLB
• CLF
• CVX*
• DE
• ENTA
• IBM*
• MET
• MMM
• MRK
• PEP
• PFE*
• PG
• RDS*
• RVNC
• WY*
• ZBH

Plainly, the RDS and CVX holdings incur substantial climate-change risk. CLB not so much (IMO) since the company may well be acquired in the next few years. CLF not so much insofar as its high-grade iron-ore pellets (and soon HBI) enable the “cleanest” steelmaking operations one can find.

Of the other 16 names on the list above, which ones incur the most and the least climate-change risk?

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*Longstanding position with extremely low cost basis, which makes selling unattractive due to the tax hit.