First Major U.S. Insurer Begins Divestment from Fossil Fuels
It seems like every day there is a new story of a pipeline spilling crude oil or an oil refinery exploding. How do fossil fuel companies continue to operate such hazardous infrastructure in communities despite the immediate and long-term harm they cause? One piece of the answer is the coverage and financial support they get from insurance companies.
We may not immediately consider insurance as a key driver of climate change, but insurance companies provide a crucial service to dangerous fossil fuel projects: insurance coverage for everything from explosions to car accidents. But now, that may be changing.
Earlier this summer, Chubb, the largest commercial insurance company in the U.S., announced a new policy to address climate change. Saying that it "will not underwrite risks related to the construction and operation of new coal-fired plants," the company has become the first major U.S. insurer to adopt a policy restricting coal insurance.
According to the new policy, Chubb "will not underwrite new risks for companies that generate more than 30 percent of revenues from thermal coal mining … [and] will phase out coverage of existing risks that exceed this threshold by 2022."
This environmental victory follows a growing campaign that has been pressuring the insurance industry on climate change, building on the global divestment movement to pressure financial institutions to cut off their support of fossil fuels. With Chubb's announcement, in which the company said it "recognizes the reality of climate change and the substantial impact of human activity on our planet," the pressure is now on other major fossil fuel insurers in the U.S. like Liberty Mutual and AIG to follow suit and acknowledge the role they play in propping up the fossil fuel industry.
Insurers clearly understand the grave threat of climate change — and have for decades. As far back as the 1970s, they were among the earliest to acknowledge the changing climate. After all, insurers are in the business of risk management, and their mission centers on modeling catastrophe and pricing risk.
Yet, they have continued to protect and invest in the very companies and projects that are actively accelerating the climate crisis. In addition to covering the risk of fossil fuel projects, insurers take the money we pay for car, home and health insurance and use it to purchase stocks and bonds in fossil fuel companies.
This stunning hypocrisy grows starker each year. In the consecutive wake of record-breaking temperatures, wildfires, hurricanes and flooding, insurance companies are responding by increasing premiums and restricting coverage in areas prone to climate change impacts like wildfire-affected counties in California.
In addition, insurance companies are denying coverage to homes and businesses near these dangerous fossil fuel projects. An insurance company that is insuring a proposed oil pipeline in your community may deem your house uninsurable because of the risk of that pipeline.
There's just one word for this: perverse.
On the bright side, insurance companies have a financial incentive to change their practices because they're on the hook to pay for the damage that climate change is causing. Further, for most insurance companies, fossil fuel contracts only comprise a small percentage of overall profits, but the impact of major insurers ditching coal, oil and gas projects would be resounding.
As an individual customer of these companies, you can tell your insurance provider to step it up when it comes to climate change. To amplify your voice, you can organize with your neighbors or co-workers to get your city or business to demand that its insurance carriers stop supporting fossil fuels, just like San Francisco did in July 2018.
The insurance industry is rapidly shifting away from coal and tar sands, citing the major risks posed by climate change. As individuals, cities, businesses and organizations are making the laggards in the industry feel the heat of inaction, the message is clear: The industry must insure our future — not fossil energy that destroys the planet and our communities.
Elana Sulakshana is the energy and finance campaigner at Rainforest Action Network.
- Global Divestment Movement Celebrates Milestone: 1,000 ... ›
- Carbon Bubble Is Bursting as Divestment Takes Hold - EcoWatch ›
- Major Fossil Fuel Divestments Strengthen Renewable Energy ... ›
EcoWatch Daily Newsletter
By Danielle Nierenberg
Following the murder of George Floyd by police in Minneapolis, people around the United States are protesting racism, police brutality, inequality, and violence in their own communities. No matter your political affiliation, the violence by multiple police departments in this country is unacceptable.
Mangroves play a vital role in capturing carbon from the atmosphere. Mangrove forests are tremendous assets in the fight to stem the climate crisis. They store more carbon than a rainforest of the same size.
- Protecting Mangroves Can Prevent Billions of Dollars in Global ... ›
- Could the 'Mangrove Effect' Save Coasts From Sea Level Rise ... ›
Monday is World Oceans Day, but how can you celebrate our blue planet while social distancing?
- 5 Things to Know About Earth's Warming Oceans - EcoWatch ›
- Bioluminescent Waves Mesmerize California Beachgoers, Surfers ... ›
- NOAA: 2020 Could Be Warmest Year on Record - EcoWatch ›
- On June 8, We Celebrate Our Oceans, Our Future - EcoWatch ›
- 5 Things to Know About the State of Our Oceans for World Oceans Day ›
By Jacob L. Steenwyk and Antonis Rokas
From the mythical minotaur to the mule, creatures created from merging two or more distinct organisms – hybrids – have played defining roles in human history and culture. However, not all hybrids are as fantastic as the minotaur or as dependable as the mule; in fact, some of them cause human diseases.
When Looking Through a Microscope Isn’t Close Enough.<p>For the last few years, <a href="http://www.rokaslab.org/" target="_blank">our team at Vanderbilt University</a>, <a href="https://www.researchgate.net/lab/Gustavo-Goldman-Lab" target="_blank">Gustavo Goldman's team at São Paulo University in Brazil</a> and many other collaborators around the world have been collecting samples of fungi from patients infected with different species of <em>Aspergillus</em> molds. One of the species we are particularly interested in is <a href="https://doi.org/10.1006/rwgn.2001.0082" target="_blank"><em>Aspergillus nidulans</em>, a relatively common and generally harmless fungus</a>. Clinical laboratories typically identify the species of <em>Aspergillus</em> causing the infection by examining cultures of the fungi under the microscope. The problem with this approach is that very closely related species of <em>Aspergillus</em> tend to look very similar in their broad morphology or physical appearance when viewing them through a microscope.</p><p>Interested in examining the varying abilities of different <em>A. nidulans</em> strains to cause disease, we decided to analyze their total genetic content, or genomes. What we saw came as a total surprise. We had not collected <em>A. nidulans</em> but <em>Aspergillus latus</em>, a close relative of <em>A. nidulans</em> and, as we were to soon find out, <a href="https://doi.org/10.1016/j.cub.2020.04.071" target="_blank">a hybrid species that evolved through the fusion of the genomes</a> of two other <em>Aspergillus</em> species: <em>Aspergillus spinulosporus</em> and an unknown close relative of <em>Aspergillus quadrilineatus</em>. Thus, we realized not only that these patients harbored infections from an entirely different species than we thought they were, but also that this species was the first ever <em>Aspergillus</em> hybrid known to cause human infections.</p>
Several Different Fungal Hybrids Cause Human Disease.<p>Hybrid fungi that can cause infections in humans are well known to occur in several different lineages of single-celled fungi known as yeasts. Notable examples include multiple different species of <a href="https://doi.org/10.1002/yea.3242" target="_blank">yeast hybrids</a> that cause the human diseases <a href="https://rarediseases.info.nih.gov/diseases/6218/cryptococcosis" target="_blank">cryptococcosis</a> and <a href="https://www.cdc.gov/fungal/diseases/candidiasis/index.html" target="_blank">candidiasis</a>. Although pathogenic yeast hybrids are well known, our discovery that the <em>A. latus</em> pathogen is a hybrid is a first for molds that cause disease in humans.</p>
(Left) Candida yeasts live on parts of the human body. Imbalance of microbes on the body can allow these yeasts, some of which are hybrids, to grow and cause infection. (Right) Cryptococcus yeasts, including ones that are hybrids, can cause life-threatening infections in primarily immunocompromised people. Centers for Disease Control and Prevention<p><a href="https://doi.org/10.1371/journal.ppat.1008315" target="_blank">Why certain <em>Aspergillus</em> species are so deadly</a> while others are harmless remains unknown. This may in part be because <a href="https://doi.org/10.1016/j.fbr.2007.02.007" target="_blank">combinations of traits, rather than individual traits</a>, underlie organisms' ability to cause disease. So why then are hybrids frequently associated with human disease? Hybrids inherit genetic material from both parents, which may result in new combinations of traits. This may make them more similar to one parent in some of their characteristics, reflect both parents in others or may differ from both in the rest. It is precisely this mix and match of traits that hybrids have inherited from their parental species that <a href="https://www.nytimes.com/2010/09/14/science/14creatures.html" target="_blank">facilitates their evolutionary success</a>, including their ability to cause disease.</p>
The Evolutionary Origin of an Aspergillus Hybrid.<p>Multiple evolutionary paths can lead to the emergence of hybrids. One path is through mating, just as the horse and donkey mate to create a mule. Another path is through the merging or fusion of genetic material from cells of different species.</p><p>It is this second path that appears to have been taken by our fungus. <em>A. latus</em> appears to have two of almost everything compared to its parental species: twice the genome size, twice the total number of genes and so on. But unlike other hybrids, which are often sterile like the mule, we found that <em>A. latus</em> is capable of reproducing both asexually and sexually.</p><p>But how distinct were the parents of <em>A. latus</em>? By comparing the parts contributed by each parent in the <em>A. latus</em> genome, we estimate that its parents are approximately 93% genetically similar, which is about as related as we humans are with lemurs. In other words, <em>A. latus</em>, an agent of infectious disease, is the fungal equivalent of a human-lemur hybrid.</p>
How A. Latus Differs From its Parents.<p>Elucidating the identity of closely related fungal pathogens and how they differ from each other in infection-relevant characteristics is a key step toward reducing the burden of fungal disease. For example, we found that <em>A. latus</em> was three times more resistant than <em>A. nidulans</em>, the species it was originally identified as using microscopy-based methods, to one of the most common antifungal drugs, <a href="https://www.drugbank.ca/drugs/DB00520" target="_blank">caspofungin</a>. This result provides a clear example of the potential importance of accurate identification of the <em>Aspergillus</em> pathogen causing an infection.</p><p>We also examined how <em>A. latus</em> and <em>A. nidulans</em> interact with cells from our immune system. We found that immune cells were less efficient at combating <em>A. latus</em> compared to <em>A. nidulans</em>, suggesting the hybrid fungus may be trickier for our immune systems to identify and destroy.</p><p>In the midst of the COVID-19 pandemic, our quest to understand <em>Aspergillus</em> pathogens is becoming more urgent. Growing evidence suggests that <a href="https://doi.org/10.1111/myc.13096" target="_blank">a fraction of COVID-19 patients are also infected with <em>Aspergillus</em>.</a> More worrying is that these <a href="https://doi.org/10.3201/eid2607.201603" target="_blank">secondary <em>Aspergillus</em> infections</a> can worsen the clinical outcomes for those infected with the novel coronavirus. That being said, we stress that little is known about <em>Aspergillus</em> infections in COVID-19 patients due to a lack of systematic testing, and none of the infections identified so far appear to have been caused by hybrids.</p><p>So, when it comes to hybrids, some are fantastic (the minotaur), some are helpful (the mule) and some are dangerous (<em>Aspergillus latus</em>). Understanding more about the biology of <em>Aspergillus latus</em> may help in our understanding of how microbial pathogens arise and how to best prevent and combat their infections.</p>
This Saturday, June 6, marks National Trails Day, an annual celebration of the remarkable recreational, scenic and hiking trails that crisscross parks nationwide. The event, which started in 1993, honors the National Trail System and calls for volunteers to help with trail maintenance in parks across the country.
- As Protests Rage, Climate Activists Embrace Racial Justice ... ›
- First-Ever Black Birders Week Tackles Racism Outdoors - EcoWatch ›
- 15 EcoWatch Stories on Environmental and Racial Injustice ... ›
- Take a Hike Day Is Around the Bend. What's Your Dream Hike ... ›
By John Letzing
This past Wednesday, when some previously hard-hit countries were able to register daily COVID-19 infections in the single digits, the Navajo Nation – a 71,000 square-kilometer (27,000-square-mile) expanse of the western US – reported 54 new cases of what's referred to locally as "Dikos Ntsaaígíí-19."
The Navajo Nation covers the corners of three different states. Google Maps
Growing Contribution<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzM3NDY5Ny9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY0NjM4MTgyM30.IuQTKQs1stvYYKD6vaVTrqAyoBsUG0BhDvlhxsyKwPA/img.png?width=980" id="02a05" class="rm-shortcode" data-rm-shortcode-id="2841f82b1785df5d5ed7bf64d3bb882b" data-rm-shortcode-name="rebelmouse-image" />
World Economic Forum
- Black and Hispanic Americans Suffer Disproportionate Coronavirus ... ›
- Native American Tribes' Pandemic Response Is Hindered by ... ›
- Navajo Nation Has Highest Covid-19 Infection Rate in the U.S. ... ›
World Environment Day: A Time to Consider the Planet We’ll Return To, and Decide How to Care for It Going Forward
It's a different kind of World Environment Day this year. In prior years, it might have been enough to plant a tree, spend some extra time in the garden, or teach kids the importance of recycling. This year we have heavier tasks at hand. It's been months since we've been able to spend sufficient time outside, and as we lustfully watch the beauty of a new spring through our kitchen's glass windows, we have to decide how we'll interact with the natural world on our release, and how we can prevent, or be equipped to handle, future threats against our wellbeing.