Economic Climate Risk
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How Rising Seas and Coastal Storms Drowned the U.S. Flood Insurance Program
Read the entire article at YaleEnvironment360. Sea level rise and more severe storms are overwhelming U.S. coastal communities, causing billions of dollars in damage and essentially bankrupting the federal flood insurance program. Yet rebuilding continues, despite warnings that far more properties will soon be underwater. The federal insurance program has subsidized thousands […]
BlackRock tips shareholder vote to press Occidental Petroleum on climate risk
Read the full article on ImpactAlpha. All of a sudden, majorities of oil company shareholders are voting to force a full accounting of climate risks and opportunities. Last week, Occidental Petroleum’s shareholders voted overwhelmingly (393 million votes to 191 million) to direct management and the board to assess the impact of the “2-degree scenario” on […]
