Potential claims liability against 5 big oil for cities with climate risk

$1.8trillion in compensation claims against 5 Big Oil is potentially at stake – twice their combined market capitalization – if all major cities with climate risk follow New York City’s lead

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New York City’s claim is paving the way to an enormous black hole in the share value of 5 Big Oil (and other oil companies too). The staggering sums scoping the size of their potential liability from climate-related claims is a warning to asset managers and pension fund administrators. The 5 Big Oil companies should […]

$1.8trillion in compensation claims against 5 Big Oil is potentially at stake – twice their combined market capitalization – if all major cities with climate risk follow New York City’s lead was last modified: May 21st, 2018 by Bruce Menzies
Pie chart showing the relative sizes of hits, near hits and misses for predicted disasters impacting certain vulnerable cities

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy

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In 2015 a report “Small City, Regional and Global Predictions for 2015, 2016 and 2017” was sealed and lodged by Predict Ability (PAL) in the safe of a legal firm. The report was generated programmatically, using PAL’s proprietary prediction technology: this machine-generated report was designed to identify qualifying ‘disaster events’ predicted to occur within specified […]

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy was last modified: May 9th, 2018 by Bruce Menzies
ew York City climate-related losses attributable to CO2 emissions from the 5 Big Oil companies’ gas and oil products, is down from its 1973 ‘oil crisis’ peak.

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars

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An estimated $19billion will be needed to fund the infrastructure to protect New York City from storm surges such as 2012’s Super Storm Sandy, that are bound to come again and come more frequently. Mayor de Blasio’s primary claim against 5 Big Oil (BP, ExxonMobil, Chevron, ConocoPhillips and Royal Dutch Shell) implies – correctly – […]

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars was last modified: May 9th, 2018 by Bruce Menzies

A new carbon pricing methodology closely fits a major US study

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An algorithm-based calculation of the economic damage from climate change compares well with a study led by Prof. Solomon Hsiang of the University of California at Berkeley. A new carbon pricing methodology closely fits a major US study was last modified: February 6th, 2018 by Bruce Menzies

A new carbon pricing methodology closely fits a major US study was last modified: February 6th, 2018 by Bruce Menzies

A Universal Carbon Tax to fund climate change mitigation

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Manmade climate change is a global problem that requires a global solution. Proposed here is a fair and sustainable Universal Carbon Tax whereby all countries pay a carbon tax that dynamically factors in: Historic, current and future carbon emissions The differences between developing and developed economies A scientifically defendable carbon price, based on loss and […]

A Universal Carbon Tax to fund climate change mitigation was last modified: October 13th, 2017 by Bruce Menzies
Twilight view of Boulder looking toward the Rockies

Boulder’s energy tax is the right idea – but energy sources matter

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Taxing all energy – not just fossil fuels – will smooth decarbonisation and future-proof paying the cost of the loss and damage attributable to manmade climate change that will prevail for centuries – long after carbon emissions cease altogether. To incentivise the transition from ‘dirty’ high-carbon fuels to ‘clean’ low-carbon fuels or energy, requires a […]

Boulder’s energy tax is the right idea – but energy sources matter was last modified: September 8th, 2017 by Bruce Menzies

The climate change storm clouds are threatening carbon Value-at-Risk – asset managers beware

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Just because, today, a carbon tax is either non-existent, toothless or unenforcible, don’t imagine that one will never be created, given teeth and enforced. The climate change storm is already rumbling and its pressure building steadily towards this inevitability – it may be next year, the year after, or the year after that. But prudent […]

The climate change storm clouds are threatening carbon Value-at-Risk – asset managers beware was last modified: September 20th, 2017 by Bruce Menzies

London’s electrification of transport scuppered by Red Throated Divers?

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The one and only London Wind Array supplies renewable electricity, partly meeting the needs of London. The 2nd phase of the project has been abandoned however, because endangered Red Throated Divers might be threatened by wind turbines. Meanwhile, Londoners continue to die from diseases caused by polluted air. London’s electrification of transport scuppered by Red […]

London’s electrification of transport scuppered by Red Throated Divers? was last modified: June 23rd, 2017 by Bruce Menzies

London says ‘I’m alright Jack’: but are clean electric vehicles actually an urban myth?

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Lowering emissions in London by switching to electric vehicles can mean raising CO2 emissions elsewhere. London has a serious problem with air quality. There are public health concerns with Particulate Matter (principally PM 2.5 micro-metre size and PM 10 micro-metre size particles). ‘PMs’ are the respiratory (asthma-inducing) and cancerous particulates emitted by diesel engines. There […]

London says ‘I’m alright Jack’: but are clean electric vehicles actually an urban myth? was last modified: June 23rd, 2017 by Bruce Menzies
Carbon Pricing Projections

Carbon Pricing Projections that are doomed – except for the last man standing

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On the day (June 1st 2017) that the US announced it is pulling out of the Paris COP21 Agreement, we look at the patchwork of carbon pricing projections in the public domain that are doomed. The EU ETS is not fit for purpose. The UK’s ‘official’ (BEIS) ‘curves’ are not only straight lines, counter-intuitively, they […]

Carbon Pricing Projections that are doomed – except for the last man standing was last modified: June 2nd, 2017 by Bruce Menzies