Top Regulators’ Roadmap Addresses Climate Change as Threat to U.S. Financial Stability

October 22, 2021/in Climate Change, climate financial risk, Financial Stability Oversight Council (FSOC), National News, Treasury climate report /by wpmaddoxins

Climate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top U.S. regulatory panel said on Thursday, a first for the United States which has lagged other wealthy countries on tackling …

California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal

October 21, 2021/in AXIS Capital Holdings Ltd., Climate Change, Climate Control, coal, global warming, National News, Risk Management /by wpmaddoxins

Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis …