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GM Buys Michigan Wind Power
General Motors will buy wind power to green its facilities in Michigan, joining rival Ford in bringing renewables to the US auto industry. GM will source 300GWh of wind from Michigan utility DTE, under the latter’s MIGreenPower scheme designed to give corporations a mechanism to procure renewable power to set against their own consumption. Read […]
ExxonMobil’s Climate Change Pivot Speaks Volumes about Shareholder Activism
Pension funds and other big-dollar investors have long been challenging fossil fuel companies on climate change. In response, some have stepped up their efforts to cut greenhouse gas emissions. ExxonMobil is one of the holdouts, but cracks in its armor are finally beginning to show. Read the entire article at TriplePundit. Reuters recently reported […]
Upshift in Mainstream Media Climate Coverage
A monumental shift in public engagement around climate change is underway. Over the past few months, NBC’s Meet the Press dedicated an entire show to climate change, media giant Apple outbid all comers for the rights to a planned climate TV series, and even the conservative Wall Street Journal allowed the four living ex-Federal Reserve […]
Miami Taxpayers Vote to Fund Climate Adaptation
Climate change is not a distant threat for Miami; it’s a daily presence in people’s lives. The city has been fighting to stay above water for decades. It knows that its future as a vibrant international hub for business, tourism, arts and culture depends on making the city more resilient to the impact of global […]
Morgan Stanley Issues Warning re Climate Change
While governments and corporations are starting to protect themselves from the impacts of climate change, Morgan Stanley says private businesses need to do more. Read the entire article at AXIOS. What to watch: The investment bank’s strategists are recommending companies strongly consider preparing for a world with more frequent and intense weather events, […]
BP: Renewables Largest Source of Power by 2040
Renewable energy will continue to be the fastest-growing source of energy in the world, penetrating the energy system “more quickly than any fuel in history” to become the largest source of power by 2040, oil and gas supermajor BP said in its annual BP Energy Outlook. Read the entire article at Oil Price. Renewables […]
Climate Economic Risks Threaten Systemic Collapse
The gathering storm of human-caused threats to climate, nature and economy pose a danger of systemic collapse comparable to the 2008 financial crisis, according to a new report that calls for urgent and radical reform to protect political and social systems. Read the entire article at The Guardian. The study says the combination of […]
Corporate Supply Chains Saved $19.3B Reducing CO2
With greenhouse gas (GHG) emissions in supply chains on average 5.5 times those of company’s direct operations, a new report by CDP reveals a step-change in corporate awareness and action on environmental impacts within their supply chains in the last decade. Read the entire article at Sustainable Brands. In 2018, 115 companies — wielding […]
World’s Driest Desert Floods in Chile
The world’s driest desert is flooding and some of the planet’s wettest woodlands are burning. Welcome to summer in Chile. Read the entire article at Bloomberg. Rains high up in the Andes mountains have led to torrents of water pouring into the Atacama desert below, sweeping away houses and roads. Meanwhile in the south, blistering […]
Insurance Industry Increasingly Concerned about Climate Risks
Major insurance carrier AXA has been surveying risk professionals for five years on their key emerging risks. Climate change has always ranked high. But this year’s survey produced a stunning result: of the 1,235 risk professionals, including 1,060 AXA employees all over the globe, the percentage of respondents pointing to climate change as their key concern rocketed up […]
