global warming News

Major Fuel Spill in Russian Arctic Moves Closer to Arctic Ocean: Regional Official

Diesel fuel from a major spill in Russia’s Arctic has reached a pristine lake which is the basin for a river flowing into the Arctic Ocean, a regional official said on Tuesday, but the mining giant embroiled in the scandal …

Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping

Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers failed to show in Germany, the official water level …

Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change

A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by climate change. Scientists have warned for years that thawing of …

Grounded Airplanes at Risk from Asia’s Tropical Storm Season, Industry Experts Warn

Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …

After Big Oil Loses Appeal, Climate Suits Appear Headed to California Courts

Big Oil lost a pair of court battles this week that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by …

Report: Financial Community Sees Climate Risk as Improperly Priced

Climate risk is widely seen in the financial community as being improperly priced. A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only been either partially priced or …

Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists

Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways. That’s the conclusion of scientists at the Copernicus Climate Change Service, who published the seasonal outlook this week. …

Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings

Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from …

Complex Financial Products Aren’t the Solution to Climate Change or Pandemic: Opinion

Almost exactly four years ago the World Bank announced a pioneering project, the Pandemic Emergency Financing Facility, designed to develop a new insurance market and protect the world’s poorest countries against deadly disease. The PEF, as it’s known, was supposed …

Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States

Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly concentrated in the Sahara. That’s the …