greenhouse gas emissions News

Canada’s Banks, Insurers to Participate in Pilot Climate Risk Project

Some of Canada’s largest banks and insurers are set to participate in a pilot project to better understand the risks to the financial system from the transition to a low-carbon economy, Canada’s central bank and financial regulator said on Monday. …

Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses

The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain: The U.S. …

U.S. Officially Becomes 1st Nation to Exit Paris Climate Pact

The U.S. has officially become the first nation to quit the Paris climate agreement, even as the outcome of the country’s presidential race remains undetermined. President Donald Trump, who’s fighting for re-election, moved to withdraw from the landmark environmental accord …

Australian Pension Fund Agrees to Settle Landmark Climate Risk Litigation

SYDNEY — One of Australia’s largest pension funds on Monday agreed to settle a landmark climate risk litigation filed by a 25-year-old member who alleged it was failing to protect his retirement savings against climate change. REST acknowledged in a …

$5 Trillion Investor Group Aims to Align Portfolios with Paris Climate Agreement

Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years. All members of the Net-Zero …

Vermont House Advances Climate Change Bill to Reduce Greenhouse Gas Emissions

The Vermont House has given preliminary approval to legislation that sets requirements and deadlines for reducing greenhouse gas emissions in the state. The so-called Global Warming Solutions Act was up for final approval on Friday. The bill would require that …

Oil Giant Total Sued by 14 French Cities, NGOs over Failure to Cut Carbon Emissions

Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organizations in France for not doing enough to reduce its carbon emissions and fight global warming. The legal challenge is the latest sign that …

Energy-Hungry Data Storage Is Another Culprit of Greenhouse Gas Emissions

Everyone has seen the warning. At the bottom of the email, it says: “Please consider the environment before printing.” But for those who care about global warming, you might want to consider not writing so many emails in the first …

Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report

The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which published data on Wednesday showing that global …

Venice Floods to Cost St. Mark’s Cathedral at Least $5.5 Million in Damage

“Every stone is a treasure,” says the technical director of St. Mark’s Basilica’s vestry board, indicating the prized gold-leaf mosaics overhead, the inlaid stone pavement and the marble clad walls of the 923-year-old masterpiece. And many are vulnerable to the …