Two Midlanders make Bloomberg's billionaires list - Midland Reporter-Telegram
Two Midlanders make Bloomberg’s billionaires list
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Autry C. Stephens, founder of Endeavor Energy Resources, in portrait Feb 25, 2022 at EndeavorÕs downtown MIdland office. Photo Credit: Carson Knott / The Oilfield Photographer, Inc. Carson Knott / The Oilfield Photographer, Inc.
Two Midlanders made Bloomberg’s list of billionaires.
Autry Stephens again made the list with net worth of $10 billion and a ranking of 182nd in the world (down from 197th last year). The 85-year-old Stephens also ranked 65th among billionaires in the United States (this time behind ranked Walmart heiress Christy Walton).
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”