What I found in the news

In
A New Debate Over Pricing the Risks of Climate Change, Tabuchi and Kraus(2016) show disagreement within Congress over the topic whether all risks relating to climate change should be accounted in financial reports and whether quantifying these risk is pragmatic and useful. Trump deemed the idea as a practical joke, yet the practice is applied in Europe. Scientists estimated that to achieve the goal of
Paris Climate Accord, three-third of fossil fuels need to stay underground.
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My response
Climate change? I think most people don't really aware of the climate change that gradually change our life. This topic make me think of many things many news that come across my eyes in the past few months. One of them is picture of animals suffering from junks we dumped like in the picture on the right hand side. I am not sure about the source because my friend send it to me via a private chat. Even though it's not really the result from climate change, it is a unarguably ramifications of human activities. For someone who are not convinced and might think that these have nothing to do with us, human who are at the zenith of ecological chains. you are wrong. The video from national geographic in this
link will show you how do these affect us. Perhaps We are just an individual but many individuals can become powerful.
I was done taking about climate change and environmental aspects. Let's now move to Exon and its oil business. I don't think the name is familiar to Thais but it is really a big company in the US I think it ranks in top five of US business maybe next to Walmart. As we can see that the advent and improvement in technology of shale gas and other alternative energy sources such as wind energy, water energy, solar energy etc. make oil price plummet. This might be good news for people owning cars but might be bad news for climate change situation. Anyway I am happy that I don't have to pay a lot of gasoline cost recently.
When I heard of the word climate change and international convention I would think of Tokyo protocol. I don't know why but I think that it's good to know that there are also other convention relating to the matters.
Accounting system should be transparent and include everything in the report so that they can be easily comparable. Unfortunately accounting system now are divided into US system and international system. For Thai accountants, we also have another version of accounting system so I'd say that it's inviable to compare performance of companies that use different accounting system. I just wish there is only one system so that analysts can make a better judgement on companies' performance. I think it is a good idea to include everything in the reports even though it is hard to estimate, I think investors that is so fastidious that they read whole financial reports will know what is the risk that they should take into their calculation and what is not I think that they don't have to worry about accuracy of the estimation; just provide investor with assumptions and the number. I don't think there will be any problem.
Why Trump just pop out of nowhere in my summary? I don't know. I jus think that someone might be interested in the States' politics and talk about it in comments. His ideas are not really.... Well you may fill in the blank anyway.
My ideas was a bit scattered but feel free to share your ideas.
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Tabuchi, H. & Klauss, C.(2016, September 26). A New Debate Over Pricing the Risks of Climate Change.
The New York Times. Retrieved from http://www.nytimes.com/2016/09/27/business/energy-environment/a-new-debate-over-pricing-the-risks-of-climate-change.html?rref=collection%2Fsectioncollection%2Fearth&action= click&contentCollection=earth®ion=rank&module=package&version =highlights&contentPlacement=1&pgtype=sectionfront .
Ministers Approve EU Ratification of Paris Agreement.(2016, August 30).
European Commission Website. Retrieved from http://ec.europa.eu/clima/news/articles/news_2016093001_en.htm .
Tanner, A.(n.d.). Are You Eating Plastic for Dinner? National Geographic. Retrieved from ://video.nationalgeographic.com/video/short-film-showcase/are-you-eating-plastic-for-dinner?utm_source=Facebook &utm_medium=Social&utm_content=link_fb20160819video-vodplastic2&utm_campaign=Content&sf33753102=1 .