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Wednesday, August 17, 2011

Global warming could deliver a jolt to coffee lovers (in the Toronto Star)

"“I’m not prone to hyperbole, but climate change is going to be the biggest financial issue for the next generation,” said [Trillium Asset Management researcher Jonas] Kron, adding that Smucker’s got 40 per cent of its revenues and 48 per cent of its earnings from coffee last year.

"Calling for that kind of detailed disclosure is one sign among many that concern over global warming has shifted from protesters and activists to the board room. ...

"Canada’s wine industry is affected by global warming in a somewhat counterintuitive way, said [Barry] Smit [Canada Research Chair in Global Environmental Change]. In some recent years, wineries in the Niagara Region have suffered from so-called winter kill, where roots are damaged because of severe cold. The reason? There was no ice on Lake Ontario, meaning air swept across the lake and towards the vineyards picked up a chill from the water; normally, the ice acts as an insulator.

"“People would say ‘I hear about global warming, and my vines are freezing.’ It’s not always going to affect people in the way they think, but it’s real,” said Smit."

Full article: Global warming could deliver a jolt to coffee lovers.

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