climate-change
Top StoriesEU Lawmakers Move to Block Green Investment Label for Gas and Nuclear
Top StoriesFinancial Risks of Climate Change Overplayed, Senior HSBC Banker Says
Top StoriesH&M-backed Project Pilots CO2-capturing Aprons at Stockholm Restaurant
Top StoriesAdvisory Firm Pirc Opposes Shell Climate Plan for Lacking Ambition
Oceans Are Hotter, Higher and More Acidic, Climate Report Warns
Date: May 18, 2022
By Jake Spring (Reuters) -The world’s oceans grew to their warmest and most acidic levels on record last year, the World Meteorological Organization (WMO) said on Wednesday, as United Nations officials warned that war in Ukraine threatened global climate commitments. Oceans saw the most striking extremes as the WMO detailed a range of turmoil wrought...
London City Airport Brings Forward Net Zero Target to 2030
Date: May 18, 2022
By Kate Holton LONDON (Reuters) – London’s City Airport has vowed to become net zero by 2030, accelerating an original goal of 2050 to get ahead of what it believes will be a move by large corporations to cut flying to reduce emissions, threatening its business travel. Located beside former dockyards a few miles east...
U.N. Secretary General Asks Countries to Ease Barriers to Green Energy
Date: May 18, 2022
By Valerie Volcovici WASHINGTON (Reuters) – The U.N. secretary-general on Wednesday called for a global coalition to speed the deployment of battery technology, urging countries to ease intellectual property constraints to hasten the transition from fossil fuels and combat climate change. Antonio Guterres’ plea comes as the World Meteorological Organization (WMO) released its annual report,...
Banks Must Act Now to Navigate the Effects of Climate Change
Date: May 17, 2022
By Peter Grant, President and Chief Commercial Officer of OakNorth Credit Intelligence There will continue to be a symbiotic relationship between climate change, credit risk management and commercial lending going forward, and banks across the United States, and indeed globally, are keeping a keen eye on this. According to a survey conducted at OakNorth’s latest...
Climate Change Is Hurting Insurers – Report
Date: May 17, 2022
LONDON (Reuters) – Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen...
Big Oil Gets Investor Reprieve as Energy Worries Trump Climate Concerns
Date: May 16, 2022
By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) -Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile climate...