Climate Change

Trillions Of Tons Of Of Ice Melts From Many Protective Antarctic Ice Shelves

"Four dozen Antarctic ice shelves have shrunk by at least 30% since 1997 and 28 of those have lost more than half of their ice in that time, reports a new study that surveyed these crucial “gatekeepers’’ between the frozen continent’s massive glaciers and open ocean."

Source: AP, 10/13/2023

"As Climate Risks Mount, The Insurance Safety Net Is Collapsing"

"Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab?"

"This story is the first in a four-part Grist series examining how climate change is destabilizing the global insurance market. It is published in partnership with the Economic Hardship Reporting Project.

Source: Grist, 10/12/2023

"ExxonMobil Boosts Fossil Fuel Commitment With Pioneer Buyout"

"ExxonMobil has sealed a $59.5 billion (€56 billion) deal to acquire shale oil giant Pioneer Natural Resources, the companies announced on Wednesday, marking the oil giant's biggest acquisition since the late 1990s buyout of Mobil by Exxon. ... It also demonstrates ExxonMobil's commitment to fossil fuels even as climate concerns become ever more pressing."

Source: DW, 10/12/2023

Major CO2 Pipeline Project On Hold While Company Reevaluates In 5 States

"OMAHA, Neb. — Navigator CO2 Ventures announced Tuesday that it is putting on hold one of the two biggest proposed carbon dioxide pipeline projects in the Midwest so it can reassess the project.

The company withdrew its application for a key permit in Illinois and said it it was putting all its permit applications on hold. The decision comes after South Dakota regulators last month denied a permit.

Source: AP, 10/11/2023

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