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New Orleans Sues Oil and Gas Companies

Bob Leonard - Climate Risk Manager 04.10.2019

 

The city of New Orleans, which is already experiencing an increase in extreme rainfall events and rising seas due to climate change, is demanding that eleven oil, gas and pipeline companies pay for the damage they’ve done to its coastal wetlands.   Read the entire article at Climate Liability News.    The city alleges that the […]

 

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Norway’s Giant Oil Fund Diverts Billions into Renewables

Bob Leonard - Climate Risk Manager 04.05.2019

 

Even nations that built their fortunes on fossil fuels are seeing the future is green. Norway’s $1Tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets.   Read the entire […]

 

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UK City Declares Climate Emergency

Bob Leonard - Climate Risk Manager 04.01.2019

 

Plymouth City Council declared a “climate emergency” and brought forward its deadline to become carbon neutral by 20 years — from 2050 to 2030. That means emergency plans will now be created to put back to the council within six months. Inevitably that will then be put to the government in a request for funding.   […]

 

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Climate Change Will Raise Property Insurance Premiums Beyond Peoples’ Ability to Pay

Bob Leonard - Climate Risk Manager 03.28.2019

 

Insurers have warned that climate change will make coverage for ordinary people unaffordable after Munich Re, the world’s largest reinsurance firm, blamed global warming for $24bn of losses in the Californian wildfires.   Read the entire article at The Guardian.    Ernst Rauch, Munich Re’s chief climatologist, told the Guardian that the costs could soon be […]

 

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US Judge Halts Drilling Projects in Climate Ruling

Bob Leonard - Climate Risk Manager 03.22.2019

 

In a rebuke of the Trump administration’s ‘energy-first’ agenda, a judge rules greenhouse gas emissions must be considered. A US judge has temporarily halted hundreds of drilling projects for failing to take climate change into account.   Read the entire article at The Guardian.    Drilling has been stalled on more than 300,000 acres of public […]

 

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Canada’s Tar Sands Struggling

Bob Leonard - Climate Risk Manager 03.20.2019

 

March has brought a string of setbacks for Canada’s struggling tar sands oil industry, including the further delay of two proposed pipelines, a poor forecast for growth and signs that investors may be growing wary.   Read the entire article at Inside Climate News.    On Friday, a federal appeals court in California refused to lift […]

 

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60 National Security Leaders Send Trump a Letter – Stop Climate Denial

Bob Leonard - Climate Risk Manager 03.18.2019

 

60 former leaders in the military and national security community sent a letter today urging President Trump not to subject the government’s own authoritative climate reports to an apparently partisan review, The Washington Post reports.    Read the entire article at The Washington Post.    The letter references the Post’s recent report that the National Security […]

 

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Avalanches Menace Colorado as Climate Change Raises the Risk

Bob Leonard - Climate Risk Manager 03.15.2019

 

Hundreds of avalanches have roared down mountainsides and some swept over highways in recent weeks. Mountain regions in the U.S. and Europe are preparing for more.    Read the entire article at Inside Climate News.    Against the backdrop of an 800-foot high mountain wall scarred by avalanches, Arapahoe Basin mountain operations director Tim Finnigan says […]

 

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Toronto’s Newest Skyscraper Covered in Trees

Bob Leonard - Climate Risk Manager 03.13.2019

 

Toronto’s urban canopy is already home to over 10 million trees, which currently envelops 26% of the city’s surface area. Mayor John Tory, however, has bigger plans for Ontario’s capital; he wants to transform Toronto into a waking ecological metropolis. A local architecture firm, Brisbin Brook Beynon, is helping Tory achieve his goal, in a […]

 

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Oxygen Levels in Oceans are Dropping

Bob Leonard - Climate Risk Manager 03.10.2019

 

Widespread and sometimes drastic marine oxygen declines are stressing sensitive species — a trend that will continue with climate change.   Read the entire article at Scientific American.    Escaping predators, digestion and other animal activities require oxygen. But that essential ingredient is no longer so easy for marine life to obtain, several new studies reveal. In […]

 

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