global warming News

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects

Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …

Montana Farmers Union Recognizes Effects of Climate Change

The Montana Farmers Union launched an initiative this month to educate its 11,000 members about the effects of global warming in Montana, where early signs may be decreasing snowpack and resilient weeds and pests. The union’s move is the first …

G-7 Pushes for Zero Greenhouse Gas Emissions by End of This Century

Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to “decarbonize,” …

Investors Must Factor Climate Change in Their Portfolio Risk: Mercer Study

Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting in Germany this month to work on …

NOAA Research Warns Global Warming Continues Unabated

The pace of global warming hasn’t slowed since 1998, a finding that contradicts a major United Nations study and challenges a key argument of skeptics of manmade climate change. Temperatures since 2000 have risen at a pace that is “virtually indistinguishable” …

AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change

France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA SA Chief Executive Officer Henri de Castries said he’s working to sell …

CEOs of 43 Companies, Including Allianz, Call for Action on Climate Change

The bosses of 43 companies including Ikea, Dow Chemical Co. and HSBC Holdings plc called for swift action on climate change, a sign businesses are prepared for a United Nations deal this year on limiting fossil fuel emissions. The chief …

Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age

In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging from a …

New FEMA Guidelines Force the Climate Change Issue

The Federal Emergency Management Agency is making some waves with a new requirement that forces states to take into account the possible impact of climate change in their risk assessments before they can receive certain assistance. FEMA included this condition in …