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Losses From California Wildfires Top $1 Billion, Expected to Rise 'Dramatically'
Insured losses from fires in Northern California have topped $1 billion and are expected to rise "dramatically," state insurance officials announced Thursday.
The state estimates that the fires have now torched 8,400 buildings and left 42 dead, making these fires the deadliest in the state's history. Fighting wildfire is now costing the U.S. billions of dollars each year as climate change continues to fuel the flames and rampant development into increasingly dry wildland areas prone to fire ups the risk posed to homes and businesses.
For a deeper dive:
Land development: Thomson Reuters Foundation
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Toxic Waste Will Continue to Grow for Decades Even if All U.S. Drilling and Fracking Halts Today, New Report Says
By Jessica Corbett
For more than three decades, the U.S. government has mismanaged toxic oil and gas waste containing carcinogens, heavy metals and radioactive materials, according to a new Earthworks report — and with the country on track to continue drilling and fracking for fossil fuels, the advocacy group warns of growing threats to the planet and public health.
Newly adopted guidelines set forth by the European Commission Tuesday aim to tackle climate change by way of the financial sector. The move comes to bolster the success of the Sustainable Action Plan published last year to reorient capital flows toward sustainable investment and manage financial risks from climate change, environmental degradation and social issues.