climate change

Industries

Natural Disasters Cost the Insurance Industry $135 billion this year

Photo by Library of Congress via Unsplash

So far this year, hurricanes, thunderstorms, and floods have cost the insurance industry a collective $135 billion in losses.

1 min read
Energy

Shell Strikes a Blow For Fossil Fuel Industry in Climate Litigation — For Now

Photo by Krish Parmar via Unsplash

Shell managed to overturn a Dutch legal order made in 2021 that had mandated the company cut its emissions 45% from 2019 levels by 2030.

2 min read
Patent Drop

IBM Patent Highlights Fundamental Issues with Big Tech’s Net-Zero Goals

Photo via U.S. Patent and Trademark Office

IBM may want to help businesses reach net zero.

2 min read
Personal Finance

US Home Insurers Hit with Worst Underwriting Loss of the Century

Photo by John Middelkoop via Unsplash

The US homeowners insurance segment took a $15.2 billion net underwriting loss last year, the worst loss this century.

1 min read
Energy

The UK’s New Government Opens the Door to Renewables Investment

Photo by UK Parliament via CC BY 3.0

The United Kingdom’s newly empowered Labour has promised big shifts in the UK’s energy policy. But will it deliver?

2 min read
Energy

Greenwashing Is Becoming a Bigger Legal Risk

Photo by Markus Spiske via Unsplash

A report from the London School of Economics shows climate litigation is on the rise, although the cases filed each year may be stabilizing.

2 min read
Energy

Can We Solve Climate Change by Suing Polluters?

Photo illustration by Connor Lin / The Daily Upside

Climate litigation is rapidly transforming to offer the promise of big victories and big cash prizes for lawyers.

6 min read
Inflation & Prices

Cocoa Prices Are On a Wild Ride

Photo by Federico Respini via Unsplash

Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.

1 min read
Energy

Shell Sold Millions of ‘Phantom’ Carbon Credits

Photo by Flickr via CC BY 1.0

Oil industry titan Shell has sold millions of carbon credits linked to CO2 removal that never actually occurred, the Financial Times found.

2 min read
Consumer

Climate Change Insurance Startup Arbol Raises $60 Million

Photo by John Middelkoop via Unsplash

The new fundraising comes just a month after Arbol spun up a subsidiary catering to homeowners in US coastal communities

2 min read
Regulation

EPA Announces First Limits on ‘Forever Chemicals’ in Drinking Water

Photo by Andres Siimon via Unsplash

A US geological survey published in July 2023 found that as much as 45% of US drinking water could contain these compounds.

2 min read
Regulation

European Court Says Switzerland Violated Elderly Citizen Rights Via Climate Inaction

Photo by Xavier von Erlach via Unsplash

The ruling can’t be appealed and sets a weighty legal precedent for climate litigation in the EU and beyond.

2 min read
Energy

Fossil Fuel Clinginess Puts Climate Change Threshold in Peril

Photo by Patrick Hendry via Unsplash

Oil and gas entities are on track to nearly quadruple the fossil fuels they extract from newly approved projects by the end of the decade.

1 min read
Energy

Shell Backtracks Again on Climate Targets

Photo by Flickr via CC BY 1.0

The energy titan has extended the timeline for its plan to reduce its “carbon intensity.”

2 min read
Regulation

SEC OKs Climate Disclosure Rule But Leaves Environmentalists Wanting More

Photo by Pixabay via Pexels

The new mandate requires most public companies to disclose greenhouse-gas emissions but stopped short of additional supply chain data.

2 min read
Real Estate

Investment Groups Are Scoring Big on US Farmland

Photo by Federico Respini via Unsplash

The supply is fixed, so investors are pouring capital into land needed to produce more food than we ever have.

2 min read
Energy

Balmy US Winter Sends Natural Gas Prices Plummeting

Photo via ReAl

Supply is outstripping demand as a warm season has meant less need for heat.

1 min read
OP-ED | Power Corridor

How the Biggest Themes of the Year Will Hold Sway Over 2024

Forecasting shifts in wealth, climate and the changing world order.

5 min read
Electric Vehicles

Some EV Startups Are Seeing Their Cash Running on Empty

Photo via Fisker Inc.

Many of the EV startups flush with investor cash and confidence just a few short years ago are now struggling to keep the lights on.

2 min read
Energy

OPEC+ Is Losing Market Share as Oil Demand Starts to Slip

Photo by Simone Hutsch via Unsplash

OPEC+ now controls just 51% of the global oil market, good for the smallest share since the group’s creation in 2016.

2 min read