All the headlines from our Climate Change Topic Page, ordered by recency.
Dec 10 2019 // Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company...
Dec 4 2019 // Fighting climate change will cost companies worldwide nearly $2.5 trillion over the next 10 years, according to an estimate by Allianz SE.The German insurer analyzed the most important measures currently enacted or under...
Dec 4 2019 // The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published by Allianz Global...
Dec 2 2019 // European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the...
Dec 2 2019 // France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy de Galhau said on Friday.Investors are increasingly putting pressure on...
Nov 27 2019 // The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal damages alone if no action is taken to combat climate change, according to the WWF.The calculations — made...
Nov 21 2019 // Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts.“The escalating...
Nov 15 2019 // In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.Investors, analysts, research firms and companies are putting...
Nov 14 2019 // Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this bad. “Getting coverage is nearly impossible,” said Pacifico, vice...
Nov 14 2019 // Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate change this week, while researchers have warned that global warming could saddle future generations with...
Nov 12 2019 // Australia is bracing for another week of devastating bushfires, with swaths of the eastern seaboard and even areas of greater Sydney facing a “catastrophic” threat that’s unprecedented at this time of...
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years.A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
Nov 7 2019 // Two-thirds of Texas registered voters believe climate change is happening, but their urgency about it varies considerably, according to the latest University of Texas/Texas Tribune Poll.Less than a quarter of voters —...
Nov 5 2019 // A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such lawsuits will likely do...
Nov 1 2019 // Radical. Extreme. Anarchists: Scott Morrison’s choice of language Friday made it clear how he views some environmental protesters. Now the Australian prime minister is signaling he will legislate to stymie what he...
Oct 25 2019 // The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.Attorney General Maura Healey filed...
Oct 25 2019 // Climate change protesters outside a Manhattan courthouse this week expressed overwhelming support for New York’s landmark securities fraud lawsuit against Exxon Mobil, even if they weren’t entirely sure what...
Oct 24 2019 // The Insurance Institute for Business & Home Safety has its eye on more than just helping improve safety on the roads and in homes.The climate and severe weather have also been on the IBHS radar lately. Roy E. Wright,...
Oct 23 2019 // A lawyer for New York’s attorney general on Tuesday told a state judge Exxon Mobil Corp. used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major...
Oct 22 2019 // U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody’s Investors...