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US climate change lawsuit seeks $50 billion, citing 2021 heat wave

by AIP Online Bureau | Jun 23, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Rather than acknowledge the dangers of climate change, the lawsuit said the fossil fuel industry worked to undermine the scientific consensus around the problem “with pseudo-science, fabricated doubt, and a well-funded, sustained public relations campaign to promote...

U.S. bank regulators considering tougher rules for banks over $100 bln in size

by AIP Online Bureau | Jun 23, 2023 | Banking & Bancassurance, International News, Technology

FDIC Chairman Martin Gruenberg said in a speech the spring turmoil in the banking sector showed firms of that size pose a risk to the financial system and merit stricter oversight. Three banks failed during the spring, requiring regulators to step in and backstop...
Amazon duped millions of consumers into enrolling in Prime, US FTC says

Amazon duped millions of consumers into enrolling in Prime, US FTC says

by AIP Online Bureau | Jun 22, 2023 | International News, Regulation

The consumer protection agency filed a lawsuit claiming that Amazon’s website manipulates users into enrolling in Prime, where subscribers pay $139 a year for privileges like speedy free delivery, video streaming and access to 100 million songs. The cancellation...

US Slips in supply-chain ranks after child-labor violations

by AIP Online Bureau | Jun 21, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions The composition of supply chains is set to play an increasingly important role for businesses...

Climate-attributed U.S. Hurricane losses to increase by at aeast 10% over 20 yrs under selected scenarios: Aon

by AIP Online Bureau | Jun 21, 2023 | Disaster & Management, Intermediaries, International News, Non-Life

Aon plc has revealed how its academic collaborations are progressing climate science, enhancing catastrophe model development and helping organizations to fulfill Environmental, Social and Governance (ESG) mandates The 14 global academic collaborations are bringing...
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