Topic Environmental
Is B.C.’s 2021 wildfire season the worst on record?
November 9, 2021 by Jason ContantBritish Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires…
Why D&O insurers need to focus on the ‘S’ in ESG
November 9, 2021 by Jason ContantThe ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have…
Average temperatures rising over last 60 years in Nova Scotia: study
November 4, 2021 by The Canadian PressHALIFAX – A study by two Nova Scotia biologists indicates average temperatures in the province have been trending upward for the last 60 years and have risen notably since 1998. Researchers at St. Francis Xavier University in Antigonish, N.S., analyzed…
Total number of deaths from B.C.’s summer heat dome nudges nearly 600: coroner
November 1, 2021 by The Canadian PressVICTORIA – The BC Coroners Service has released updated numbers showing 595 people died in the province during extreme heat events over the summer. That’s an increase from the 569 deaths confirmed by the coroners service at the end of…
Ship fire out, but search continues for lost containers from vessel off B.C.’s coast
October 29, 2021 by The Canadian PressVICTORIA – A fire that burned for nearly a week on the container ship anchored off Victoria’s waterfront has been put out. A statement from Danaos Shipping Co., the manager of the MV Zim Kingston, says the specialized marine service…
Rising seas: Delays to safeguarding N.S.-N.B. boundary area worries politicians
October 28, 2021 by Michael Tutto - THE CANADIAN PRESSHALIFAX – Legislators on both sides of the Nova Scotia-New Brunswick boundary say efforts to safeguard their area from a potential climate disaster have dragged on too long. An engineering study commissioned to develop “three viable solutions” to the risk…
B.C.’s climate change plan aims for changes by 2030 for consumers, industry
October 26, 2021 by The Canadian PressVICTORIA – British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven by 25 per cent compared with last year and boosting the…
Salvage crew’s access to smouldering ship hampered by storm on B.C.’s coast
October 25, 2021 by The Canadian PressVICTORIA – The Canadian Coast Guard says a fire aboard a container ship off the coast of Victoria continues to smoulder. The coast guard says in a statement posted on social media that a salvage crew from Resolve Marine is…
Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill
October 20, 2021 by The Canadian PressST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board…
Ignoring ESG means ‘significant’ D&O risk to insurers and business: AGCS
October 19, 2021 by Canadian Underwriter StaffBusinesses and insurers ignore environmental, social and governance (ESG) issues at their peril, an Allianz Global Corporate & Specialty (AGCS) report released this month suggests. “If an ESG issue is not handled or disclosed appropriately by the company or board,…
How much are reinsurers underestimating climate change risk?
October 18, 2021 by Jason ContantGlobal reinsurers could be underestimating climate change exposure by up to 50%, according to a recent analysis by S&P Global Ratings. “Our scenario analysis suggests that reinsurers’ estimates of their exposure to natural catastrophe risk — and therefore physical climate…
Canada leads world with pledge to curb methane leaks from oil and gas sector
October 15, 2021 by Mia Rabson - THE CANADIAN PRESSOTTAWA – Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland. The colourless and odourless gas amounts…