Latest Climate Change Headlines
All the headlines from our Climate Change Topic Page, ordered by recency.
California Commissioner Launches Database of Green Insurance Products
Jul 14 2020 // California Insurance Commissioner Ricardo Lara on Tuesday formally launched the Climate Smart Insurance Products Database, what is being touted as “the first-ever consumer-oriented list of green insurance...
Climate Change Litigants Argue Human Rights, Consumer Harm in Suing Oil Firms
Jul 6 2020 // LONDON/WASHINGTON/GENEVA — Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding...
Congressional Action Plan on Climate Change Applauded by Zurich, IBHS
Jul 2 2020 // A Congressional action plan for a clean energy economy is garnering a bit of praise from a few important names in the insurance industry. The House of Representatives in 2019 established the House Select Committee on the...
Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk
Jun 29 2020 // The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by targets next year. The...
District of Columbia Sues 4 Oil Majors for Misleading Consumers on Climate Change
Jun 26 2020 // The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for “systematically and intentionally misleading”...
Lenders With the Best Climate Data Will Be in a Position to Discriminate: Viewpoint
Jun 26 2020 // We now live in a world where climate gentrification exists: People and institutions are starting to assess and appraise properties based on their susceptibility to climate impacts. The idea was largely hypothetical as...
Minnesota AG Sues Exxon, Koch and API over Climate Change ‘Deceptions’
Jun 25 2020 // The state of Minnesota has filed a lawsuit against the American Petroleum Institute, Exxon Mobil Corp. and Koch Industries for what it called a decades-long campaign to deceive the public about climate change. The lawsuit...
Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks
Jun 23 2020 // In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of...
Sustainable Recovery Plan Pitching Pandemic as Opportunity to Grow Greener
Jun 18 2020 // Economic growth can be boosted, jobs can be saved or even created and greenhouse gas emissions can be cut if we take advantage of the worldwide changes that have occurred as we hunkered down in response to the COVID-19...
Climate Change Is Expected to Trigger Extreme Waves and Coastal Erosion
Jun 11 2020 // Climate change is expected to cause stronger storm winds that trigger more extreme waves and increase coastal damage in Australia, the Pacific and South America by the end of the century, new research shows. Extreme waves...
Report Calls for Regulators to Tackle ‘Systemic Risk’ from Climate Change
Jun 4 2020 // Climate change is a systemic risk with wide-ranging potential physical impacts, according to a new report that also serves as a call-to-action for U.S financial regulators to do more to deal with a changing climate. An...
Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change
Jun 4 2020 // A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by climate change. Scientists have warned for years...
U.S. Court Says State Courts Are Proper Forum for Climate Suits Against Big Oil
May 29 2020 // Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected...
After Big Oil Loses Appeal, Climate Suits Appear Headed to California Courts
May 28 2020 // Big Oil lost a pair of court battles this week that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected...
Report: Financial Community Sees Climate Risk as Improperly Priced
May 21 2020 // Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only...
Complex Financial Products Aren’t the Solution to Climate Change or Pandemic: Opinion
May 8 2020 // Almost exactly four years ago the World Bank announced a pioneering project, the Pandemic Emergency Financing Facility, designed to develop a new insurance market and protect the world’s poorest countries against...
Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States
May 8 2020 // Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly...
German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall
Apr 28 2020 // Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their...
Rising Sea Levels Could Double Extreme Flooding Events on Coastline, Report States
Apr 16 2020 // “Sea-level rise will radically redefine the coastline of the 21st century.” That’s from a new study that shows rising sea levels could lead to extreme flooding events in some U.S. coastal areas doubling...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
Apr 8 2020 // Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather...
