The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related risks to investors in the country’s sovereign bonds, court filings showed. The terms of the settlement, if approved by the …
More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies to decarbonize faster, saying its policies had failed to keep pace with rising climate change risks. Institutional Shareholder Services (ISS) …
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for …
This summer’s wildfires in eastern Canada have raged so intensely that smoke from them darkened skies as far away as Portugal. From the outset, scientists said that Canada’s historic wildfire season bore the hallmarks of climate change. Now, a new …
When to harvest is one of the most crucial decisions a winemaker can make. Too early, and the result is bitter. Too late, and it’s overly sweet. It’s a delicate balance—one that’s increasingly being upended by the climate crisis. In …
Firefighters kept wildfires at bay near the capital of Canada`s Northwest Territories as well as a threatened city in British Columbia, though no one claimed victory as forecasters warned that drier and windier weather was coming. For Saturday at least, …
Wildfires have forced an evacuation of Yellowknife, the capital of Canada’s Northwest Territories. Officials with the territorial government told residents in the highest-risk areas to evacuate immediately. Other residents have until 12 p.m. local time on Friday to leave the …
Europe is once again battling scorching temperatures this summer, with wildfires blazing across the continent from the Mediterranean to Spain. Here’s how climate change drives these events. HOTTER, MORE FREQUENT HEATWAVES Climate change makes heatwaves hotter and more frequent. This …
Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. …
Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …
