Large parts of the American West are currently on fire. Hundreds of homes have been destroyed. At least seven people are dead in different states. An unknown number are missing. Tens of thousands remain under evacuation orders.
financial risk of climate change
“Humiliation”: Exxon dumped out Dow Jones Industrial Index after nearly 100 years
The once mighty Exxon has just suffered the corporate humiliation of being booted out the highly influential Dow Jones Industrial Index.
Fossil fuel “fraud” regarding climate risks is a “ticking time bomb” to financial system
A new report argues that “widespread deception by fossil fuel executives regarding the financial risks of climate change, represents a ticking time bomb that, if not addressed, could contribute to worldwide economic devastation.”
When two worlds collide – the chardonnay wins
If you have never been to an oil company AGM it is worth going to watch two parallel words colliding for a few hours. On the one side are the protestors arguing passionately for the company to listen to how their activities are destroying someone’s homeland or are polluting the earth. Up on the top … Read More
Money for Nothing, and your Climate for Free
According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating … Read More
Copenhagen: Climate Change to Cost $300 Billion/Yr
101 days to go until the biggest climate jamboree ever seen. The UN Copenhagen climate conference will be a defining moment in how humanity responds to the issue. World leaders can either finally grasp the nettle by agreeing drastic cuts in CO2 levels, and getting out their check book to pay for it.
Africa to Demand Billions in Climate Compensation
It’s your mess – now you pay for it. That’s the message from African leaders to Western countries as they mull over a proposal to demand tens of billions of dollars in compensation – one figure muted is $67 billion a year – from developed countries for the effects of climate change. African Ministers have … Read More
Shell’s Operations Present “Climate Risk” to Investors
Last month, a ground-breaking study by Oil Change and other NGO’s calculated that Shell was the world’s most carbon intensive oil company, per barrel of oil equivalent to be produced. The main reason for this is its massive expansion into Canada’s climate intensive dirty oil sands. The report looked at the carbon intensity of the … Read More
Shell: World’s Most Carbon Intensive Oil Company
Of all the oil majors, Shell prides itself on undertaking cutting edge energy forecasting, that not only inform the group’s thinking but also dove-tail into policy making by decision makers across the energy spectrum. It is one of the few companies to get out its crystal-ball and try and predict what the energy future will … Read More
Half-Way to Climate Catastrophe
Sometimes you wonder if anyone actually heeds the warnings any more. There have been so many of impending doom about climate catastrophe, that people seem oblivious to the warnings. Two scientific reports released today maybe the ones where people sit up and notice. One of the lead scientists thinks so. “This changes the way we … Read More
12