Climate risks are heating up for consumers

Image: Matthew Henry, Unsplash

• How Wall Street enables the fossil fuel companies cooking our planet: Many big banks try to present a green image, but the largest banks in the world are the ones abetting polluters. Salon, June 3, 2024 
• Banks can’t measure climate risk? U.S. regulators need to do more to require banks to recognize the risks posed by climate change, and the damage that continuing to support fossil fuel extraction projects does to the environment. American Banker, June 7, 2024
• Emissions connected to major oil and gas companies Shell, BP, TotalEnergies, ExxonMobil and Chevron could cause millions of heat deaths by 2100, a study from Global Witness found. Guardian, March 20, 2024 
• Climate change is already making families’ bills more expensive—including at the grocery store. After blistering heat and drought brought unbearable conditions for crops and workers across the globe, economists say to expect more climate-related price hikes in the future as extreme heat affects all sides of the food industry from crops to the ocean, and livestock. The Washington Post, June 23, 2024
• In coming years, climate change could force more families from their homes, not just by rising sea levels, worsening wildfires and more frequent flooding — but also by triggering insurance companies to raise premiums on homeowners insurance, putting significant financial burden on families to maintain insurance coverage on their homes. As the crisis escalates, state leaders are desperately trying to convince insurance companies to stick around. News From The States, June 5, 2024