Climate, Environment, Renewable Energy

Monsoonal flooding across Southern Asia kills hundreds and incurs multi-billion economic loss

International News       Aug 09, 2019

  Chicago: Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events.   Hurricane...

Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline

International News       Aug 08, 2019

A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which carries crude from Alberta’s oil sands to British Columbia’s Pacific coast.   Self-insurance by the...

World warned: Change now or endanger food and climate

International News       Aug 08, 2019

  GENEVA: Humanity faces increasingly painful trade-offs between food security and rising temperatures within decades unless it curbs emissions and stops unsustainable farming and deforestation, a landmark climate assessment warned on Thursday.   The UN's Intergovernmental Panel on Climate Change (IPCC) warned that efforts to limit global...

UK regulator asks insurers to weigh possible business impact of Climate Change

International News       Aug 02, 2019

  London: The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank, which regulates the UK financial...

July may set global record as hottest in recorded history: United Nations

International News       Aug 02, 2019

  NEW YORK : The planet endured what may have been the hottest July in history, the World Meteorological Organization said on Thursday, just a week after a European heat wave shattered all-time records and also coming on the heels of the world’s warmest-ever June.   The...

Climate hits key tipping points, existential threat real, say scientists

Blog       Jul 28, 2019

  It was an odd title for a comedy night, but British stand-up Carl Donnelly turned out to have chosen an environmental theme with impeccable timing.   With temperature records tumbling daily in last week's European heatwave, a crowd in an east London bar seemed uniquely primed...

Australia's Suncorp to phase out exposure to thermal coal by 2025

International News       Jul 26, 2019

MELBOURNE:  Australian insurer Suncorp Group Ltd said on Friday it was no longer underwriting insurance for new thermal coal mines or power plants and it will phase out all exposure by 2025 as part of its responsible investment policy.   Suncorp has “materially” cut its investment...

AIG appoints first chief sustainability officer

International News       Jul 25, 2019

NEW YORK: American International Group, Inc. today announced that it has created a position of Chief Sustainability Officer to lead the development and implementation of a company-wide sustainability strategy and appointed Jennifer Waldner to fill the role, effective immediately. Ms. Waldner will report to Thomas...

Rhine river shipping faces another historic shutdown as drought hits water levels

International News       Jul 24, 2019

  The bustling boat traffic on Europe’s Rhine river ground to a halt for the first time in living memory last year, as shrinking alpine glaciers and severe drought made the key transport artery impassable. Those historic conditions could be repeated in a few weeks.   With...

Europe faces heatwave with London and Paris expected to break July records

International News       Jul 23, 2019

Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events.   Swathes of northwest Europe will struggle to remain cool as a blast of hot air from the...

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