«The extraordinary shareholder
result on climate risk at Exxon and the recent successful resolution asking Occidental to assess the risk of climate and energy transition to its business model shows that shareholders understand the need to ensure the companies they own are managing transition risk.»
Not exact matches
Among the factors that could cause actual
results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or
climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events
resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market
risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report
on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports
on Form 10 - Q (the «Reports»).
The UN
Climate Change conference in Paris this December — catchily named Cop 21 — will focus investors
on resulting opportunities and
risks.
Landrum and her colleagues demonstrated the effect experimentally and reported the
results in a 2017 paper in the Journal of
Risk Research entitled «Culturally Antagonistic Memes and the Zika Virus: An Experimental Test,» in which participants read a news story
on Zika public health
risks that was linked to either
climate change or immigration.
Their work
resulted in the IPCC's Fifth Assessment Report and Special Report
on Managing the
Risks of Extreme Events and Disasters to Advance
Climate Change Adaptation.
In another case, the IPCC stated that «
on balance health
risks are very likely to increase» as a
result of
climate change.
Even so, future disclosures will include information detailing the
risk the company faces from «potential laws and regulations relating to
climate change or coal, which could
result in materially adverse effects
on its markets or [the] company,» it said.
-- 7) Forest models for Montana that account for changes in both
climate and
resulting vegetation distribution and patterns; 8) Models that account for interactions and feedbacks in
climate - related impacts to forests (e.g., changes in mortality from both direct increases in warming and increased fire
risk as a
result of warming); 9) Systems thinking and modeling regarding
climate effects
on understory vegetation and interactions with forest trees; 10) Discussion of
climate effects
on urban forests and impacts to cityscapes and livability; 11) Monitoring and time - series data to inform adaptive management efforts (i.e., to determine outcome of a management action and, based
on that outcome, chart future course of action); 12) Detailed decision support systems to provide guidance for managing for adaptation.
The paper was a
result of combined efforts of the joint Working Group
on Human
Risk Perception and
Climate Change at the National Institute for Mathematical and Biological Synthesis (NIMBioS) at the University of Tennessee, Knoxville, and the National Socio - Environmental Synthesis Center (SESYNC) at the University of Maryland.
«The rising
risk results from decreases in precipitation, based
on 16 leading
climate models, and increases in water demand, based
on current growth trends.
Several experts
on the media and
risk said that one
result could be public disengagement with the
climate issue just as experts are saying ever more forcefully that sustained attention and action are needed to limit the worst
risks.
It turned out things were far more nuanced (as he later said, «The Earth system may be less responsive in the warm times than it was in the cold times»), but in a field that had long mainly foreseen smooth curves for planetary change with rising greenhouse gas levels, the
result was a vital focus
on the
risks of abrupt
climate change.
Results do not address all sources of uncertainty, but their scale and scope highlight one component of the potential health
risks of unmitigated
climate change impacts
on extreme temperatures and draw attention to the need to continue to refine analytical tools and methods for this type of analysis
So we can make a clear case for the
risk of that heat wave which occurred in Russia and other heatwaves which occurred around the world, being increased as a
result of human influence
on climate.
Carbon Tracker believes that fossil fuel management are overly focused
on demand and price scenarios that assume business as usual and so there may be a
risk assessment «gap» between a management's view of the future and that which would
result from action
on climate change, technology developments and changing economic assumptions.
Results are conditional
on assessments of MISI
risk on the basis of projected triggers under the
climate scenario A1B (ref.
Lovely little anecdotes, but if an ATC system crashes
on a busy day, people's lives are at
risk whereas if a
climate model crashes (due to a system or process error rather than a numerical error), it can be re-run — as long as the error doesn't cause different
results to occur, ie.
Public polling shows that the man
on the street (some unfortunately large percentage) has vaguely heard that «some
climate scientists have cooked the books and fudged their
results» [this includes exaggerating
risks and effects of CO2]..
It focuses
on UNISDR's work with partners to deliver
results and measures achievement against the strategic objectives for these two years, including 1) disaster
risk reduction accepted and applied for
climate change adaptation; 2) measurable increases in investment in disaster
risk reduction; 3) disaster - resilient cities, schools and hospitals; and 4) strengthened international system for disaster
risk reduction.
As a region
on the front lines of
climate change, we must act
on the immediate and long - term
risks resulting from our reliance
on fossil fuels.
The conference offered a unique opportunity for scientists to exchange views
on the consequences and
risks to natural and human systems as a
result of changes in the world's
climate.
This technical document presents the main
results of a
climate risk and
risk management capacity assessment for Peru, with a thematic focus
on the agricultural sector in the regions of Junín and Piura.
The goal laid out in Adaptation for a High - Energy Planet is simple and can be supported regardless of views about global
climate risk: reduce the number of deaths caused as a
result of extreme weather and disasters every year, while still accelerating modernization and low - carbon growth
on an increasingly high - energy planet.
José Luis Blasco, KPMG's global head of sustainability services, said the
results proved considerable work still needed to be done to encourage firms to disclose information
on the
climate - related
risks they face.
The World Economic Forum's new Global
Risks Report is out and the
results are clear: Business leaders are increasingly concerned about
climate change's effect
on their bottom lines.
«The rising
risk results from decreases in precipitation, based
on 16 leading
climate models, and increases in water demand, based
on current growth trends.
Insurers need to: collect more complete data
on weather - related losses; incorporate
climate modeling into their
risk analyses; analyze the implications of
climate change
on their business and investments and share the
results with shareholders; and encourage policy action to reduce greenhouse gas emissions.
In the letter, Clement also expressed deep concern for other victims of
climate change impacts, such as the recent set of devastating hurricanes, more frequent and severe flooding, marine life die - offs as a
result of warmer ocean temperatures, forests at
risk from invasive insects, and so
on.
On the contrary, when scientific
results have policy implications, we believe it is an obligation of
climate scientists to draw attention to those implications.Otherwise, as history has shown, we run the
risk of laypeople drawing conclusions about this complex issue that are erroneous, ill - informed, misleading and counterproductive.
Within these multi-decadal epochs significant variability exists in the magnitude and frequency of ENSO impacts
resulting in elevated (or reduced depending
on the
climate state)
risk of extreme events such as floods, bushfires and droughts.»
This project was the
result of the third Ministerial Conference
on Environment and Health discussions among European ministers of health and the environment who acknowledged that human - induced changes in the global
climate system and in stratospheric ozone pose a range of severe health
risks and potentially threaten economic development and social and political stability.
If these papers are cited in the IPCC, the
risk is that critics will (quite rightly) heap criticism
on the IPCC for relying
on such stuff, and the credibility of IPCC and
climate science will suffer as a
result.
Professor Russell Viner of the Royal College of Paediatrics and Child Health argues that delivering
on the goals of the
Climate Change Act would
result in cleaner air and lower health
risks for children
Although the most advanced theoretical
climate models still leave uncertainty, particularly about the sign and magnitudes of the effects,
on GHG feedbacks, of some low - and high - clouds, a consensus began to develop that threats of
resulting increases in global temperature — and the very large
risks associated with their possible consequences — deserved substantial increase in attention.
Significant progress in reducing emissions and limiting
climate change could be achieved if companies 1) unequivocally communicate to the public, shareholders, and policymakers the
climate risks resulting from continued use of their products, and therefore the need for restrictions
on greenhouse gas emissions consistent with the 2 °C global temperature target; 2) firmly reject contrary claims by industry trade associations and lobbying groups; and, 3) accelerate their transition to the production of low - carbon energy.