Climate Change

Fed Says $500 Billion in Losses Show Economic Threat of Climate Change

“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."

Source: Bloomberg, 11/11/2019

U.S. Military Bases Face Increasingly Dangerous Heat as Climate Changes

"U.S. troops, already sweating through dangerous summer heat at military bases across the country, could face an extra month of life-threatening heat every year by mid-century, on average, as the planet warms, a new report from the Union of Concerned Scientists warns."

Source: InsideClimate News, 11/11/2019

Did Exxon Mislead Investors About Climate Risks? It’s Now Up to a Judge

"Lawyers for New York State and ExxonMobil wrapped up a landmark climate fraud trial on Thursday, shaping a tangle of testimony and evidence into competing narratives on whether the oil company misled investors about the risks it faces from climate regulation."

Source: InsideClimate News, 11/08/2019

"Wall Street Increasingly Weighs Risk From Climate Change"

"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."

Source: Reuters, 11/07/2019

"NASA Flew Gas Detectors Above California, Found ‘Super Emitters’"

"Over the course of three years, NASA flew a plane carrying gas-imaging equipment above California and made a discovery that surprised even the state’s own environmental agencies: A handful of operations are responsible for the vast majority of methane emissions."

Source: Bloomberg, 11/07/2019

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