Owing to the mass-sheet degeneracy, cosmic shear maps do not probe directly the Fourier modes of the underlying mass distribution on scales comparable to the survey size and larger. To assess the corresponding effect on attainable cosmological parameter constraints, we quantify the information on super-survey modes in a lognormal model and, when interpreted as nuisance parameters, their degeneracies to cosmological parameters. Our analytical and numerical calculations clarify the central role of super-sample covariance (SSC) in shaping the statistical power of cosmological observables. Reconstructing the background modes from their non-Gaussian statistical dependence to small scales modes yields the renormalized convergence. This diagonalizes the spectrum covariance matrix, and the information content of the corresponding power spectrum is increased by a factor of two over standard methods. Unfortunately, careful calculation of the Cramer-Rao bound shows that the information recovery can never be made complete, any observable built from shear fields, including optimal sufficient statistics, are subject to severe information loss, typically $80%$ to $90%$ below $ell sim 3000$ for generic cosmological parameters. The lost information can only be recovered from additional, non-shear based data. Our predictions hold just as well for a tomographic analysis, and/or full sky surveys.
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