An investment guru who predicted the crash of the mortgage market in 2007 is now predicting that climate-caused forces like uninsured flooding are distorting real estate prices in ways that could lead to a similar crash.
"Monday’s surprise move by General Motors, Toyota and other auto giants to back President Trump in his fight with California over pollution rules came after days of White House pressure to support one of the administration’s biggest efforts to weaken climate regulations."
"Murray Energy, the U.S. coal company whose founder's "wish list" was a virtual template for the Trump administration's rollback of federal environmental and climate regulations, filed for bankruptcy protection Tuesday."
As U.S. coal’s comedown continues, our latest Issue Backgrounder takes a close look at the factors behind the industry’s decline and finds a combination of economics, competition and shifting global markets, along with aging technology, politics and environmental pushback. What’s in store for coal in 2020?
"The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law, a federal watchdog agency said Thursday, offering the first detailed accounting of the consequences of a misstep by lawmakers that is expected to continue costing taxpayers for decades to come."
"Environmental group Earthworks wants an investigation into possible insider trading by an investor and others involved in EPA's actions surrounding the proposed Pebble Mine in Alaska, according to a formal complaint filed yesterday with the Securities and Exchange Commission, New Jersey Bureau of Securities and Financial Industry Regulatory Authority."
"A surprising new study challenged decades of nutrition advice and gave consumers the green light to eat more red and processed meat. But what the study didn’t say is that its lead author has past research ties to the meat and food industry."
"For decades, Coca-Cola has burnished its public image as an environmentally caring company with donations to recycling nonprofits. Meanwhile, as one of the world’s most polluting brands, Coke has quietly fought efforts to hold the company accountable for plastic waste."
"Home values could fall significantly. Banks could stop lending to flood-prone communities. Towns could lose the tax money they need to build sea walls and other protections. These are a few of the warnings published on Thursday by the Federal Reserve Bank of San Francisco regarding the financial risks of climate change."
"When leaders from Exxon Mobil and BP gathered last month with other fossil-fuel executives to declare they were serious about climate change, they cited progress in curbing an energy-wasting practice called flaring — the intentional burning of natural gas as companies drill faster than pipelines can move the energy away. But in recent years, some of these same companies have significantly increased their flaring ... ."
