All the headlines from our Climate Change Topic Page, ordered by recency.
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...
Sep 24 2020 // U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report.The report depicts a “a credit positive for renewable energy developers” in the...
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers.Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
Sep 22 2020 // New York State Department of Financial Services (DFS) Superintendent Linda Lacewell today implemented several new initiatives to address climate-related financial risks, calling on insurers to begin integrating these...
Sep 22 2020 // “California, folks, is America fast forward.” Thus said Governor Gavin Newsom, hoarsely, amid brown smoke at the North Complex Fire on Sept. 11. “What we’re experiencing right here is coming to a...
Sep 22 2020 // Wildfires among ponderosa pines and Douglas firs of the U.S. West have long been part of nature’s cycle of renewal, as much as the changing of the seasons.But as climate change makes the region more arid, wildfires...
Sep 21 2020 // Zurich Insurance Group said it will sponsor a reforestation project in Brazil to convert barren farmland back into native forest that is rich in plant and animal life.The eight-year project will help to restore...
Sep 15 2020 // Connecticut filed a lawsuit on Monday against oil giant Exxon Mobil Corp for misleading the public over the impacts of climate change, becoming the latest state to target the fossil fuel industry for violating state...