Your claim states that top Wall Street institutions, including Morgan Stanley, are preparing for a future in which global warming exceeds the Paris Agreement targets, anticipating a 3°C rise, widespread harvest failures, and significant sea-level rise. This information was shared via a Bluesky post that was linked to an article by journalist Corbin Hiar on E&E News, a well-respected outlet.
Based off the SIFT method, we consider the credibility of your source. I found that E&E news has a pretty strong reputation of accurately providing, and reporting, and Corbin Hiar is an experienced journalist in the environmental field. There are reputable outlets, including The Guardian, and Politico that have reported similar findings. For example, The Guardian confirmed that major banks like Morgan Stanley have adjusted their forecasts and now expect a similar 3 degree temperature rise, supporting the idea that climate goals outlined in the Paris Agreement are increasingly out of reach.
Tracing the quote back to its origin, the phrase "We now expect a 3 degree C world", comes directly from Morgan Stanley's communications and is consistent used across reliable outlets, indicating that it hasn't been misrepresented.
In conclusion, the claim is well supported. Multiple credible sources confirm that financial institutions are now operating under the assumption that global temperatures will likely rise by 3 degrees celsius, and they're adjusting their strategies to prepare for the severe consequences of that scenario.
Sources: https://www.theguardian.com/environment/2025/apr/02/us-banks-climate-goals-fail-air-conditioning?
https://www.politico.com/newsletters/power-switch/2025/03/31/banks-see-a-dire-climate-future-and-ways-to-profit-00260540?utm
