Whether investment portfolios are prepared for climate change risk was the subject of a duo of articles from Bloomberg. The first is on Neuberger Berman’s review of its $300 billion portfolio to determine how it would fare if Earth’s temperate were to rise by at least 2 degrees. There, NB found a number of holdings vulnerable, particularly in the oil and gas sector. On this basis, NB plans to more aggressively press public companies to disclose climate risk and the company’s approach to mitigating that risk. Meanwhile, Michael Cembalest, chairman of market investment and strategy for JPMorgan Asset Management, has told investors that the actions needed to cut carbon emissions will be more painful–financially, politically, etc.–than most realize, even the advocates for The Green New Deal.