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Crew News and Activity

Governor of the Bank of England Issues Climate Change Warning

Posted: 04.24.2019 no comments

 

The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France’s central bank warned. Mark Carney, the Bank’s governor, and François Villeroy de Galhau, the governor of the Banque de France, said financial regulators, banks and insurers around the world had to […]

 

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Norway Refuses to Drill for Billions of Barrels in Arctic

Posted: 04.22.2019 no comments

 

The largest party in Norway’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for exploratory drilling off the Lofoten islands in the Arctic, which are considered a natural wonder.   Read the entire article at The Independent.    The move, by the opposition Labour party, creates a large parliamentary […]

 

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UK’s Largest Money Manager Issues Climate Catastrophe Warning

Posted: 04.18.2019 no comments

 

The world is facing a climate catastrophe and businesses around the world must address it urgently or face the ultimate sanction for a public company, shareholders who refuse to back them any more. That is not a message from an environmental action group but from the largest money manager in the UK, Legal & General Investment […]

 

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New Orleans Sues Oil and Gas Companies

Posted: 04.10.2019 no comments

 

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

Posted: 04.05.2019 no comments

 

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

Posted: 04.01.2019 no comments

 

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

Posted: 03.28.2019 no comments

 

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

Posted: 03.22.2019 no comments

 

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

Posted: 03.20.2019 no comments

 

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

Posted: 03.18.2019 no comments

 

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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