Climate Change News

U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada

Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister Catherine McKenna said countries around the world …

Sea Level Rise Puts $117.5B at Risk from Chronic Flooding

Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …

Exxon Still Isn’t Complying With Climate Subpoenas, New York Says

Exxon Mobil Corp. is refusing to turn over documents crucial to New York’s investigation into whether the oil giant’s public statements about climate change misled investors, the state’s top lawyer said. Exxon hasn’t complied with subpoenas for cash-flow projections reflecting …

Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN

Global warming is on course to exceed the most stringent goal set in the Paris agreement by around 2040, threatening economic growth, according to a draft report that is the U.N.’s starkest warning yet of the risks of climate change. …

Oil Companies Ask to Throw Out New York’s Climate Change Lawsuit

A group of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to climate change. ConocoPhillips, Exxon Mobil Corp. and Chevron Corp. argued in a hearing …

NOAA Expects Sea Level Rise to Produce Record Coastal Flooding This Year

Break out the galoshes. The projected increase in high tide flooding in 2018 may be as much as 60 percent higher across U.S. coastlines compared to typical flooding about 20 years ago, according to scientists at the National Oceanic and …

In Boston’s Booming Seaport, the Namesake Is Also the Threat

In Boston’s booming Seaport District, General Electric is building its new world headquarters, Amazon is bringing in thousands of new workers, and Reebok’s red delta symbol sits atop the new office it opened last year. Three businesses are testing self-driving …

Lloyd’s Index Shows $92B at Risk in North American Cities Each Year

Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows. Lloyd’s newly issued City Risk Index, which produces estimates of how …

Climate Change at ‘Tipping Point,’ Says Europe’s Biggest Asset Manager

The world’s deepest-pocketed investors are starting to take climate change seriously, according to Amundi SA. “We are really observing a tipping point among the institutional investors on climate change,” said Frederic Samama, co-head of institutional clients at the Paris-based firm. …

European Corporations Given Guidance on Factoring Climate Risk in Financials

The European Bank for Reconstruction and Development has published guidance for companies reporting on the physical impact of climate change in their financial results. Concerns in the financial community that assets are being mispriced because climate risk is not being …