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By Avery Palmer
Photo courtesy of Greenpeace
Insurance is there to help all of us cover the cost of the unfortunate, the unforeseen, and the inevitable: cars kissing bumpers, trees falling on roofs, superstorms laying waste to neighborhoods.
With extreme weather events from droughts to wildfires becoming an increasingly regular feature of our lives, most of us assume the insurance industry is developing long-term strategies to prepare for the impacts of climate change. After all, if the insurance we rely on isn’t there to help cover the costs, then who will?
But a groundbreaking new study by Ceres, a global advocate for sustainability in leadership whose Investor Network on Climate Risk manages $11 trillion in assets, reveals that most insurers aren’t preparing for climate change at all.
Climate Reality CEO Maggie L. Fox recently sat down with the authors of the report to discuss the costs of climate change and what it means for the insurance industry, our economy and citizens. This is a timely and important issue, and we hope you will take time to learn more.
Take a moment and watch this webinar with Fox, Ceres CEO Mindy Lubber and Senior Manager Sharlene Leurig about the insurance industry and the price of carbon.
Visit EcoWatch’s CLIMATE CHANGE page for more related news on this topic.
EcoWatch Daily Newsletter
By Nick Cunningham
A growing number of refineries around the world are either curtailing operations or shutting down entirely as the oil market collapses.
The Trump administration is expected to unveil its final replacement of Obama-era fuel-efficiency standards for cars and light trucks Tuesday in a move likely to pump nearly a billion more tons of carbon dioxide into the atmosphere over the lifetime of those less-efficient vehicles.
By Jake Johnson
Just over a month after proclaiming that the number of coronavirus cases in the U.S. would soon "be down to close to zero," President Donald Trump said during a press briefing on the White House lawn Sunday that limiting U.S. deaths from the pandemic to between 100,000 and 200,000 people would mean his administration and the country as a whole did "a very good job."
Documents unearthed in a lawsuit brought by a Missouri farmer who claimed that Monsanto and German chemical maker BASF's dicamba herbicide ruined his peach orchard revealed that the two companies knew their new agricultural seed and chemical system would likely damage many U.S. farms, according to documents seen by The Guardian.