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EU Bank Regulator Tightens ESG Rules as Climate Risk Grows

Jan 9 2025 // Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new guidelines designed to shore up the industry amid growing threats to financial stability...

Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’

Jan 9 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re.Overall economic...

Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

Dec 20 2024 // Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for...

Senate Committee Reveals Climate Change Danger to Financial System

Dec 20 2024 // A Senate Budget Committee report shows how dangerous climate change is to the nation’s financial system as well as how bad it could be for homeowners seeking affordable insurance.A Senate Budget Committee Staff...

Climate Change ‘Supercharged’ Philippines’ Typhoon Season, Study Finds

Dec 16 2024 // A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this year, according to a new study.The conditions that enabled the unusual string of tropical cyclones late in...

Maine Joins States Suing Big Oil to Recover Costs of Climate Change ‘Deception’

Nov 27 2024 // Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their...

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