$264M Offered for Gulf Oil Under Climate Compromise March 30, 2023 By Kevin McGill and Matthew Brown Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale...
Exxon Broke Rules With Late Reporting of Methane Leak March 1, 2023 By Aaron Clark and Zachary Mider Exxon Mobil Corp. failed to initially report a release of the super-potent greenhouse gas methane in the Permian Basin that...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year January 26, 2023 Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
CEOs Face Challenge Over Sluggish Climate Efforts January 20, 2023 By Simon Jessop A return to Davos by corporate titans and their bankers after recent record Alpine temperatures has turned a spotlight on...
Four Countries Urge EU to Set Date for New CO2-Emitting Trucks January 20, 2023 By Kate Abnett The Netherlands, Belgium, Denmark and Luxembourg have urged the European Union to fix a date by which new trucks and...
Warming Trend Continues in 2022 and Expensive Weather Events Pack Punch January 18, 2023 By Allen Laman According to data presented during a joint NASA and NOAA webinar earlier this month, 2022 was among the warmest years...
UK Review Advises ‘Step Change’ in Approach to Climate Change January 12, 2023 By Ellen Milligan The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases...
New SEC Disclosure Rules May Drive Up D&O Claims November 10, 2022 By Jim Sams SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may...
Biden ‘Social Cost of Carbon’ Climate Risk Measure Upheld by U.S. Appeals Court October 24, 2022 A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which...