The future of carbon removal insurance: As big as oil and gas?
April 1, 2021 by David GambrillCarbon removal is poised to become a booming industry over the next 30 years, providing an opportunity for innovative P&C insurers to pioneer in carbon removal insurance products, Swiss Re’s chief risk officer predicts. “By 2050, the industry of carbon…
Aviva Canada wants to talk to you about reducing your carbon footprint
March 8, 2021 by David GambrillAviva plc has set an aggressive target to become a net zero carbon emissions company by 2040. “Aviva is taking bold steps to help tackle the climate crisis,” Amanda Blanc, Aviva Group’s CEO, said when announcing the 2040 Net Zero…
Why Canada should invest in ‘macrogrids’ for greener, more reliable electricity
February 25, 2021 The Canadian PressThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Brett Dolter, Assistant Professor, Economics, University of Regina; Blake Shaffer,…
Bank of Canada and OSFI team up for pilot project on climate change risk
November 18, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech…
Rapid-intensity Hurricane Laura ultimately headed for Newfoundland
August 26, 2020 by David GambrillThe path of Hurricane Laura — which is currently located off the U.S. Gulf Coast and described as one of the fastest-intensifying storms in history — is tracking to hit St. John’s, Nfld., next Monday as a post-tropical storm, according…
Study: World carbon pollution falls 17% during pandemic peak
May 19, 2020 Seth Borenstein - THE ASSOCIATED PRESSKENSINGTON, Md. – The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution…
Opinion: Climate change isn’t pausing for the pandemic
May 7, 2020 Dr. Janis Sarra, Professor of Law, University of British ColumbiaAs the insurance sector adjusts to respond to challenges related to the novel coronavirus, flood season in Canada is beginning. Today, residents in Fort McMurray, Alta., are returning to clean up their flooded homes and businesses on the anniversary of…
Paid Climate Change: It’s Risky Business
January 14, 2020 TrisuraAs we all know, climate change is one of the most prominent topics in the news – so much so that it is being touted as a major deciding factor for Canadian politicians in the upcoming federal election. But, what…
‘Growing cost’ of climate change prompts this insurer to stop covering oil sands
January 2, 2020 by Greg MeckbachThe Hartford has added its name to the list of insurers who will not write new business in Canada’s oil sands. Connecticut-based Hartford Financial Services Group Inc. announced Dec. 20 it will stop insuring companies that generate more than 25%…
More insurers may stop covering oil sands: Environmentalist
October 24, 2019 by Greg MeckbachExpect more insurers to stop covering Canadian oil sands infrastructure and pipeline projects, an environmental advocate suggests. “We have seen a lot of insurance companies, over the last four or five years, adopt coal policies and get out of insuring…
How high IPCC says the seas could rise
September 25, 2019 Seth Borenstein - THE ASSOCIATED PRESSNEW YORK – Earth is in more hot water than ever before, and so are we, an expert United Nations climate panel warned in a grim new report Wednesday. Sea levels are rising at an ever-faster rate as ice and…
Engineering study wanted for Atlantic Canada sea level rise mitigation
July 26, 2019 Michael Tutton - THE CANADIAN PRESSHALIFAX – A long-awaited process is underway to find ways to protect a narrow and vital corridor of land between New Brunswick and Nova Scotia from floods caused by sea level rise and storm surges. The request for proposals issued…