(CNN) Here is a message to investors in the oil industry, whether pension and insurance funds, university endowments, hedge funds or other asset managers: Your investments are going to sour. The growing devastation caused by climate change, as seen this month in Texas, Florida and the Caribbean, are going to blow a hole in your fossil-fuel portfolio. Not only will the companies you own suffer as society begins to abandon fossil fuels in earnest, they will also be dragged through the courts here and abroad for their long-standing malfeasance and denial of what they have done to the world. Climate change deniers, mainly politicians in the pay of the oil industry, protest that there is no proof that destructive storms and floods are the result of human-induced global warming. Who can say that a Hurricane Harvey or Irma wouldn't have occurred in the past?Jeffrey Sachs: Fossil fuel companies will soon face financial reckoning as courts hold them liable for damages caused by climate changeBig Tobacco is implicated in causation of health problems -- Big Oil will also be a target for civil damages and compensation
The project is now analyzing whether human-induced global warming raised the likelihood of the rainfall brought by _.