“What’s in the bags, Goldman?” On Climate Apartheid

Article by André Klaassen

We are entering a climate crisis. As we struggle to find what it takes to survive, an investment banking firm has it all figured out. In 2012, as Hurricane Sandy paid a devastating visit to Greater New York, Goldman Sachs showcased impressive problemsolving capabilities by averting the storm from its New York headquarter. This posed a question: If Goldman could protect itself from the climate disaster, why couldn’t the rest of the region?