“The U.S. economy has experienced more than $500 billion in direct losses over the last five years due to climate and weather-related events,” Federal Reserve Bank of New York Executive Vice President Kevin Stiroh told a risk forum on Thursday at the bank."
"General Motors has announced that it has sold its Lordstown, Ohio, plant, which it opened in 1966 and where the Chevrolet Cruze was manufactured, to the EV startup Lordstown Motors for an undisclosed amount."
"When it comes to electric vehicles, no nation has matched China's audacious plan. It wants to beat the world."
"The Environmental Protection Agency’s inspector general is investigating whether chief of staff Ryan Jackson was involved in destroying internal documents that should have been retained, according to two people familiar with the matter."
"The Interior Department is proposing to award one of the first contracts for federal water in perpetuity to a powerful rural water district that had employed Secretary David Bernhardt as a lawyer and lobbyist."
"In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting more emphasis on how climate issues ranging from rising sea levels to record heatwaves will affect profits and revenues in the United States and what companies are doing to address those risks."
"A team of Trump administration advisers – consisting mostly of appointees from private industry – are urging “modernization” of national park campgrounds, with a vision of food trucks, wifi and even Amazon deliveries."
"Norway’s central bank issued its most comprehensive warning to date about the risks of climate change for the oil-producing country’s banks and financial markets."
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."
