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Huge Insurance Company Cites Climate Change As Reason For Divesting From Coal

2015-05-22 18:40:00| Climate Ark Climate Change & Global Warming Newsfeed

ThinkProgress: Citing climate change as a major threat, one of the worlds largest insurance companies has pledged to drop its remaining investment in coal assets while tripling its investment in green technologies. At a business and climate change conference held this week in Paris, AXA Frances largest insurer announced that it would sell 500 million ($559 million) in coal assets by the end of 2015, while increasing its green investments in things like renewable energy, green infrastructure, and green...

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Climate change blamed for severe drought hitting Vietnam coffee crops

2015-05-22 17:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The last time Nguyen Van Viet saw water in his well was almost four months ago. The 44-year-old has farmed coffee in central Vietnam for two decades and says thats never happened before. This is the worst drought Ive seen in over a decade, Viet, told the Guardian. Some people dont have enough water to drink. For Viet and millions of other coffee farmers, this season has been disastrous. A prolonged drought has affected all five provinces in Vietnams Central Highlands a region that...

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Shareholder Pressure Increasing Over Climate Change Risks

2015-05-22 12:36:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Energy companies are facing increased scrutiny over their carbon emissions as pension funds worth billions grow anxious about the risks posed by climate change. Philippe Desfosses, chief executive officer of ERAFP, a pension fund for French civil servants, warned of the risks posed by rising sea levels and warming temperatures at a business and climate conference in Paris that finishes Friday. There is a legal risk that is coming, Desfosses said. If there is a carbon risk for a business,...

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Climate Change: Some Companies Reject Business as Usual

2015-05-22 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Inter Press Service: - When it comes to climate change, business as usual is simply "not an option". That was the view of Eldar Saetre, CEO of Norwegian multinational Statoil, as international industry leaders met in Paris for a two-day Business & Climate Summit, six months ahead of the next United Nations Climate Change Conference (COP 21 ) that will also be held in the French capital. Subtitled "Working together to build a better economy", the May 20-21 summit brought together some 2,000 representatives of some...

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Wealthy nations overlook the dangers of climate change

2015-05-22 07:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Conservation: Alex Lo

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