Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
New York AG ‘Puts Up,’ Sues Exxon Over Climate Change Disclosures
Oct 25 2018 // Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public...
Judge Rules Government, Not President, Can Be Sued Over Climate Change
Oct 16 2018 // A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on...
UK Insurers, Banks Need ‘Credible Plans’ for Climate Change Risks: Bank of England
Oct 15 2018 // Britain’s banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. “Financial risks...
The IPCC Climate Change Report and Implications for Insurers
Oct 11 2018 // A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are hard to ignore. Chief among those implications is...
American Economists’ Work on Climate Change, Benefits of Technology Earn Nobel Prize
Oct 9 2018 // Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize on Monday. In a...
Urgent Action Needed to Avoid ‘Unthinkable’ Damage from Climate Change: UN
Oct 8 2018 // Society would have to enact “unprecedented” changes to how it consumes energy, travels and builds to meet a lower global warming target or it risks increases in heat waves, flood-causing storms and the chances...
Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes
Oct 1 2018 // Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof...
Businesses Should Prepare for Consequences of Climate Change, Zurich Says
Sep 27 2018 // Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group. The report, “Managing the impacts of climate change: risk management...
More Firms Report Climate-Related Risks, but Few Disclose Financial Impact: G20 Report
Sep 27 2018 // Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey...
Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change
Sep 25 2018 // A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change. The Oil and Gas Climate Initiative (OGCI),...
San Francisco May Screen Insurers for Their Fossil Fuels Investments
Sep 17 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. In July, the board voted...
Report Highlights Climate Change Risks Faced by Insurance Sector
Sep 17 2018 // A report that’s being touted as the “first important review of climate risk by an international financial standard setting body” may get the attention of the insurance community. If it does, mission...
Campaign Calls on U.S. Insurers to Reject Fossil Fuels
Sep 13 2018 // A handful of consumer and climate groups are calling on the insurance industry to ditch fossil fuels as part of a new campaign called Insure Our Future. The entreaty came on the eve of this week’s Global Climate...
Claims from California Summer Fires Top $845M, Commissioner Blames Climate Change
Sep 6 2018 // California Insurance Commissioner Dave Jones on Thursday announced that insured residential and commercial losses from the Carr and Mendocino Complex fires topped $845 million and are now counted among the most destructive...
Report Shows California Wildfires, Climate Change Altering Insurance Landscape
Aug 27 2018 // Insurers may be non-renewing more in wildfire-prone areas of California, sending an increasing number of people to the residual market or to surplus lines insurers. A report released on Monday shows that market shares of...
Report Outlines Climate Change Risks Faced by Insurance Sector
Aug 23 2018 // A newly issued report that’s being touted as the “first important review of climate risk by an international financial standard setting body” may get the attention of the insurance community. If it does,...
Texas Seeking Money for ‘Coastal Spine,’ Government Protection from Climate Change
Aug 23 2018 // As the nation plans new defenses against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build a nearly 60-mile “spine” of concrete...
Experts: Cost of Hail Damage Will Continue to Rise
Aug 16 2018 // Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke...
Exxon Loses Bid to Nix Investors’ Suit Over Climate Change Disclosure
Aug 15 2018 // Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change. U.S. District Judge...
Facing $17B in Fire Damages, PG&E CEO Blames Climate Change
Aug 13 2018 // It was California’s biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring two fire fighters....
