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California says oceans expected to rise higher than thought

April 28, 2017 The Associated Press

SAN FRANCISCO – California says new climate change findings mean the ocean off the state’s coast is expected to rise higher than previously thought. The state’s Ocean Protection Council on Wednesday revised projections it provides to agencies to help them

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Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Quebec electric vehicle law sparks concern within automotive industry

January 24, 2017 Ross Marowits - THE CANADIAN PRESS

MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model

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Fiat Chrysler Automobiles receives notice of violation for alleged failure to disclose software that increases air pollution from vehicles

January 13, 2017 by Canadian Underwriter

The U.S. Environmental Protection Agency (EPA) announced on Thursday that it has issued a notice of violation to Fiat Chrysler Automobiles N.V. and FCA US LLC (collectively FCA) for allegedly failing to disclose software that increases air pollution from vehicles.

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Paris climate agreement to take effect Nov. 4

October 6, 2016 Michael Astor - THE ASSOCIATED PRESS

The landmark Paris agreement on climate change will enter into force on Nov. 4, after a coalition of the world’s largest polluters and small island nations threatened by rising seas pushed it past a key threshold on Wednesday. President Barack

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Paris climate change agreement passes key threshold

September 21, 2016 Michael Astor - THE ASSOCIATED PRESS

Thirty-one countries formally joined the Paris climate change pact Wednesday, bringing the total number of countries ratifying the treaty to 60 and raising hopes that it will enter into effect by the end of the year. The number is higher

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Alberta appoints task force to help province transition to lower-carbon economy

September 20, 2016 by Canadian Underwriter

The Alberta government announced on Monday that it has appointed a task force to provide recommendations on targeting investments in climate technology to help transition to a lower-carbon economy. As part of Alberta’s Climate Leadership Plan, the government will phase

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Oilsands carbon capture and storage project reaches one-year milestone

September 14, 2016 by Canadian Underwriter

Shell Canada has announced that the Quest carbon capture and storage (CCS) project has captured and stored one million tonnes of carbon dioxide (CO2) underground “ahead of schedule” in its first year of operation. Quest is the first CCS project

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Companies need to come clean about climate change risk, Mark Carney says

July 15, 2016 Colin Perkel - THE CANADIAN PRESS

TORONTO – Only about one-third of the world’s 1,000 largest companies provide effective disclosure of the risks they face due to climate change, Bank of England Governor Mark Carney said Friday. Lack of full disclosure, Carney said, makes it difficult

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Climate change scientists ask federal government to reject B.C. LNG project

May 30, 2016 Gemma Karstens-Smith - THE CANADIAN PRESS

VANCOUVER – Dozens of international climate scientists are calling on the Canadian government to reject a proposed liquefied natural gas project in northwestern British Columbia, saying it would have dire environmental effects. Ninety academics from Canada, the United States, Australia

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Alberta, Ontario premiers announce MOU on cleantech initiatives

May 27, 2016 by Canadian Underwriter

The Premiers of Alberta and Ontario announced on Thursday a new Memorandum of Understanding (MOU) to accelerate the development of cleantech initiatives. Alberta Premier Rachel Notley and Ontario Premier Kathleen Wynne met in Edmonton on Thursday to discuss new opportunities

News CatastrophesClimate ChangeInsurance

As PM signs UN climate treaty, now comes the hard part: respecting it

April 22, 2016 Alexander Panetta - THE CANADIAN PRESS

UNITED NATIONS, N.Y. – Prime Minister Justin Trudeau joined world leaders Friday to help formally ratify a global treaty on climate change. Putting his signature to the Paris accord was the easy part. The hard part comes next: reducing Canada’s