Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
Why the Worst Case for Climate Change Doesn’t Look Realistic: Viewpoint
Dec 27 2019 // In recent years, much of the commentary about climate change has gone from sternly serious to wildly despairing. A new report from the United Nation’s Intergovernmental Panel on Climate Change warns that the effects...
Independent Insurance Agent Group Rep Calling Attention to Climate Change Dangers
Dec 19 2019 // A representative for an independent insurance agent group in one state has penned an opinion column calling attention to the dangers posed by climate change. “Going forward, our state remains vulnerable to the...
Calpers: One-Fifth of Public Holdings Exposed to Climate Risk
Dec 11 2019 // About one-fifth of the California Public Employees’ Retirement System public markets portfolio is exposed to potential losses from climate change, the $381 billion pension fund manager reported this week in its first...
Exxon Beats New York Claim of Climate Change Accounting Fraud
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...
Insurer Estimates $2.5 Trillion Price Tag for 10-Year Fight Against Climate Change
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...
Directors and Officers Face Significantly Higher Range of Risks: Allianz Report
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...
European Investors Urge Big-Four Auditors to Take Action on Climate Risks
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...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020
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...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF
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...
Report Urges Insurers to Eye Impact of Climate Change on Underwriting, Investments
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...
Wall Street Taking Closer Look at Climate Change Risks
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...
Hail Has Damaged Insurance Market for Car Dealers. Parametric Insurance May Help.
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...
Venice Floods, Australia Wildfires Blamed on Climate Change
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...
Australia Braces for Another Week of Devastating Bushfires
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...
Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?
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,...
UT/TT Poll: It’s a Highly Partisan Issue but Texans Say Climate Change Is Happening
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 —...
States’ Climate Change Litigation Could Be Useful Tool Against Big Oil: Opinion
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...
Australia’s Pro-Coal Prime Minister Signals War on Climate Change Activists
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...
Massachusetts Sues Exxon for Misleading Investors, Consumers About Climate Change
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...
How Exxon’s Climate Change Trial Ended Up Being About Numbers
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...
