global warming News

Allianz Expanding Climate Strategy, Doesn’t Want to Insure Coal Operations

The Allianz Group “is significantly expanding its climate strategy.” The German insurance giant recently announced a commitment to support the change to a low-carbon economy over the coming decades, and is setting for itself long-term climate goals that are linked …

Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit

Five 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 the environmental changes caused by their products. BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil …

California Commissioner Ran a Climate Change ‘Stress Test’ on Insurers

California Insurance Commissioner Dave Jones has run a “stress test” on the state’s largest insurers. Jones said during a press conference on Tuesday that he is the first U.S. financial regulator to conduct a climate-related financial risk stress test and …

Colorado Exxon Suit Proves Climate Change Concerns Not Unique to Coasts

Most cities suing oil companies over the impact of climate change want help paying for walls to protect against rising sea levels. And then there’s Boulder, Colo. The politically liberal town known as the gateway to the Rocky Mountains and …

Central Banks Eye Effects of Climate Risks on Oversight of Insurers, Companies: Opinion

Central bankers have been dubbed “masters of the universe” for the tools and powers they have acquired since the financial crisis. Some of them now want to play a more active role in the fight against climate change. Monetary authorities …

Climate Change Act: Commit New York to Being Powered by 100% Renewables

Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report that documents Allianz Group’s achievements in corporate responsibility, with …

Youths’ Climate Change Suit Has Potential Impact on a Historic Scale for Insurance

A three-year-old lawsuit by a group of youths against the U.S. over climate change, which looks to now get a new trial date at some point this year, has the potential to open up lawsuits on a historic scale, according …

Arctic Winter Ice Covers 2nd Smallest Area on Record, Opening Region to Shipping

Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists …

State Paying to Move Residents as Louisiana Island Shrinks

The effects of global warming can be seen and touched in Louisiana, where officials have begun buying higher ground to relocate an entire town in a bayou being swallowed by higher seas. The Louisiana Office of Community Development announced Tuesday …

Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars

Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops and livestock, and it’s getting worse thanks to climate change. Agricultural losses from weather events in developing nations totaled $96 …