Gregory Page
Three former Treasury secretaries — two Republicans and one Democrat — have endorsed a climate change report released today from an independent committee whose leaders include Gregory Page, chairman of agribusiness giant Cargill.

The report, entitled “Risky Business,” says that agriculture production may shift dramatically to the northern states because southern states and the Corn Belt will become so hot.

The report was put out by the Risky Business Project, which was launched in October 2013 to focus on quantifying and publicizing the economic risks from a changing climate.

The co-chairs and major funders of the project are former New York City Mayor Michael Bloomberg, former Treasury Secretary Henry Paulson, and Tom Steyer, a billionaire former hedge fund executive who has used his money to push Democratic candidates to take positions on climate change.

George Schultz, the former Treasury secretary under President Richard Nixon and secretary of State under President Ronald Reagan, and Robert Rubin, the Treasury secretary under President Bill Clinton, have also endorsed the report.

Page, executive chairman of the Cargill Group and its former president and CEO, served on the “risk committee” that directed the report's research, along with Shultz and other officials.

The report was written by the Rhodium Group, an economic research firm that specializes in analyzing disruptive global trends, with an independent assessment of the economic risks posed by a changing climate in the United States. It includes analysis of what will happen to key agricultural producing regions if no action is taken to counter climate change.

▪ Risky Business: The Economic Risks of Climate Change — Interactive
▪ — Print version