All the headlines from our Climate Change Topic Page, ordered by recency.
Dec 4 2020 // HAVANA/GUATEMALA CITY – Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical...
Dec 3 2020 // U.S. insurance companies lag behind their global peers by enabling the fossil fuel industry, according to a report from an environmentalist group out this week.The Insure Our Future campaign released its fourth annual...
Dec 3 2020 // AXA Group’s chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He says one of the...
Dec 1 2020 // AMSTERDAM – Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the production of oil and gas to limit its effects on climate change.Seven activist groups,...
Nov 19 2020 // The Dow Jones Sustainability Index just released their 2020 rankings, and Zurich Insurance Group took the top spot in the insurance sector.The assessment is an annual evaluation of companies’ sustainability practices...
Nov 17 2020 // Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank...
Nov 13 2020 // The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a...
Nov 5 2020 // Local governments are increasingly taking it upon themselves to address climate change.Denver voters on election day passed Measure 2A, which would raise city sales tax by 0.25% starting in January with the goal of...
Nov 5 2020 // The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain:...
Nov 2 2020 // A lawsuit filed by the state of Rhode Island against 21 fossil fuel companies seeking damages for the impacts of climate change will be allowed to proceed in state court, a federal appeals court has ruled.The decision...
Nov 2 2020 // SYDNEY — One of Australia’s largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by a 25-year-old member who alleged it was failing to protect his retirement savings against...
Oct 29 2020 // Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body...
Oct 22 2020 // Drought has become one of the costliest disasters in the U.S., causing 94 deaths and an inflation-adjusted $6.2 billion in losses per year on average since 1980, according to a report out this week from Climate Central.The...
Oct 19 2020 // Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday.It is the latest push in the financial sector to harmonize...
Oct 14 2020 // GENEVA – In the wake of heat waves, global warming, forest fires, storms, droughts and a rising number of hurricanes, the U.N. weather agency is warning that the number of people who need international humanitarian help...
Oct 8 2020 // “The insurance buying public wants to know that insurance is going to be available and affordable to them when they need it.”That was the take-home message from Washington Insurance Commissioner Mike Kreidler,...
Oct 5 2020 // The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for...
Oct 1 2020 // Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide.Infectious diseases and pandemics were ranked as the most significant risks to society over the...
Sep 28 2020 // United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to more accurately reflect climate-related risks in their financial accounts.Such risks can range from...
Sep 24 2020 // A report on the current state of climate risk disclosures among the largest companies in China and the United States found that Chinese companies lag significantly behind their global peers in the S&P 500 in climate...