Now Wall Street Is Calling for Climate Sanity. Don’t Expect the Right to Listen.

Hank Paulson and Robert Rubin are teaming up to make the business community’s case for addressing climate change. But will it matter?

Former Treasury Secretary Hank Paulson on CNN's Fareed Zakaria GPSScreenshot/<a href="http://www.cnn.com/video/data/2.0/video/bestoftv/2014/06/28/exp-gps-0629-climate-report.cnn.html">CNN</a>

Knowing that conservatives will never listen to liberals—or to President Obama—on climate change, many well meaning, science-minded people have sought to identify other messengers who might possibly sway the right.

Accordingly, they’ve tried tapping evangelical Christians, former EPA administrators who served under Republican presidents, and celebrity politicians like the moderate Republican Arnold Schwarzenegger. It’s an astute, psychologically sound theory (“trusted messengers” and all that) and yet, it never seems to work. Why does it never work?

We’ll get to that, but first, witness the latest attempt, which is aimed at swaying the business community. This weekend on CNN’s Fareed Zakaria GPS, two former treasury secretaries, Henry Paulson (a Republican) and Robert Rubin (a Democrat), went on the air to discuss climate change and, in particular, the new “Risky Business” report with which they’re closely affiliated. The report, emerging from a partnership that also includes Michael Bloomberg and the environmentalist billionaire Tom Steyer, makes the case that climate change will have dire economic costs. On the air, Paulson said point blank that climate inaction entails “radical risk taking.” Rubin added that the risk is “catastrophic.” Watch:

All of this is true and eminently sane. It is also striking to find Paulson, a man who observed economic collapse up close, drawing analogies between how economies go belly up, and how civilizations do. And we should certainly commend CNN’s Zakaria for convening this discussion.

But here’s the problem: Is Paulson, a Wall Street Republican who says he wants a carbon tax, a “trusted messenger” on the right? The truth is that today’s conservatives aren’t the same pro-big business boosters that they used to be. Commenting on the latest industry oriented climate push, American Enterprise Institute scholar Norman Ornstein remarked that among tea party conservatives these days, “big business is seen as a part of the problem more than it is a part of the solution. [Companies] just don’t have the clout that they used to have.”

Remember, Wall Street has never been in favor of another key tea party maneuver: Debt ceiling brinksmanship, which seasoned economic stewards of yesteryear tend to abhor. So why would the tea party listen to to big business on climate?

Which brings us back to the why “it never works” question. Why do trusted messengers never seem to reach the right on climate change? The answer is that the right is not its old self, and once trusted messengers aren’t trusted any longer.

If this was the United States of 30 years ago, we’d already have a bipartisan consensus on climate change.

More Mother Jones reporting on Climate Desk

WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

payment methods

WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate