Here is one business that climate change has caused to go bankrupt.
“We don’t have any more time.” Edson Ramirez, a world-renowned glaciologist, told The New York Times on the demise of Bolivia’s Chacaltaya glacier.
The 17,500-year-old glacier, once home to the highest ski resort in the world, officially vanished earlier this year. Millions of Bolivians obtain as much as 80% of their drinking water from glacial runoff. Now water-starved families throughout the country are struggling to survive. Most scientists agree that global warming is the catalyst for the glacial meltdown. A 2008 World Bank report estimated that climate change would destroy many of the Andes glaciers over the next 20 years, threatening nearly one hundred million lives.
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