Articles by David Ljunggren

Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers

Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on Wednesday. A wildfire sweeping through …

Canada Transport Watchdog to Introduce New Tank Cars Ahead of Schedule

Canada’s transportation watchdog said that recent fiery derailments of trains hauling crude oil mean a new generation of stronger tanker wagons should be introduced ahead of schedule. The Transportation Safety Board (TSB) is probing two accidents within the last month …

Olympics: What Do You Do with a Mountain Resort with Games Gone?

Stanislav Kuznetsov has a headache like no other: it measures 780,000 square metres and covers a large expanse of Russian mountainside. The Gorky Gorod resort in the snowy Caucasus peaks above Sochi was packed during the Winter Olympics. Now the …

Canada Weighs Mandating Minimum Insurance for Railways

Canada should force railways to take out enough insurance to ensure they can cover damage caused by major incidents, the Canadian Senate said on Thursday in a report issued after last month’s train disaster in Quebec, which killed 47 people. …

Canada Pulls Out of Kyoto Climate Change Protocol; First Country To Do So

On Monday Canada became the first country to announce it would withdraw from the Kyoto protocol on climate change, dealing a symbolic blow to the already troubled global treaty. Environment Minister Peter Kent broke the news on his return from …

Panel Reports Climate Change to Cost Canada Many Billions

Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood low-lying areas and cause more illnesses, an official panel said Thursday. The National Round Table on the …

G20 Seals $1.1 Trillion Deal

World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …