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Corporate America Is Getting Ready to Monetize Climate Change

           

A highway stands immersed in floodwaters from Hurricane Harvey in West Columbia, Texas, on Aug. 30.  Photographer: Luke Sharrett/Bloomberg

CLICK HERE - CDP - Company Scores

bloomberg.com - by Christopher Flavelle - January 22, 2019

Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

The Coca-Cola Co. wonders if there will still be enough water to make Coke.

As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country’s largest companies are already bracing for its effects. The documents reveal how widely climate change is expected to cascade through the economy -- disrupting supply chains, disabling operations and driving away customers, but also offering new ways to make money.

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California Utility Firm Suspected of Starting Deadly Wildfires Goes Bankrupt

           

A firefighter battling the Camp fire, which became California’s deadliest in history. Photograph: Noah Berger/AP

Pacific Gas and Electric, which supplies 16 million residents, is under investigation for its role in the Camp fire and others

theguardian.com - by Vivian Ho - January 14, 2019

The utility company that services more than a third of California announced on Monday it plans to file for bankruptcy by the end of the month. Several deadly wildfires believed to have been caused by the company left it with potential liabilities of at least $30bn.

The board of directors of Pacific Gas and Electric (PG&E) has determined that the move “is ultimately the only viable option to restore PG&E’s financial stability to fund ongoing operations and provide safe service to customers”, the San Francisco-based company stated in a filing at the Security and Exchange Commission.

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'Climate Grief': The Growing Emotional Toll of Climate Change

           

The Delta Fire rages in Shasta-Trinity National Forest in California on Sept. 6.  Noah Berger / AP file

nbcnews.com - by Avichai Scher - December 24, 2018

 . . . The increasing visibility of climate change, combined with bleak scientific reports and rising carbon dioxide emissions, is taking a toll on mental health, especially among young people, who are increasingly losing hope for their future. Experts call it “climate grief,” depression, anxiety and mourning over climate change.

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Federal Report Says U.S. Impacts of Climate Change are Intensifying and Will Batter Economy

           

weather.com

CLICK HERE - FOURTH NATIONAL CLIMATE ASSESSMENT

bbc.com - November 23, 2018

Unchecked climate change will cost the US hundreds of billions of dollars and damage human health and quality of life, a US government report warns.

"Future risks from climate change depend... on decisions made today," the 4th National Climate Assessment says . . .

. . . But it says that projections of future catastrophe could change if society works to reduce greenhouse gas emissions and "to adapt to the changes that will occur".

CLICK HERE - READ COMPLETE ARTICLE - Climate change: Report warns of growing impact on US life

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - U.S. Should Expect Worsening Weather Disasters, New Government Climate Report Warns

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How Flood Control Officials Plan To Fix Area Floodplain Maps

Graphic of Texas shows the updated rainfall values in inches that define certain extreme events, such as the 100-year storm. Courtesy of NOAA

CLICK HERE - ENLARGED TEXAS MAP (1 page .PDF file)

New topographic and predictive rainfall data means more people in Harris County will be mapped in floodplains.

houstonpublicmedia.org - by Davis Land - November 26, 2018

When Hurricane Harvey left so much of Houston underwater, it highlighted a problem that’s been getting worse for years: Harris County’s existing floodplain maps just don’t work.

In the year since the historic storm, flood control officials have promised to change that, and they already had plans to redo the maps, but new data on the geography of the area and the amount of rainfall forecasters expect in the future means the new maps could look drastically different.

It’s crucial the maps are done right, as people are using the maps, meant to set flood insurance premiums, for more than they are intended . . . 

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Climate Change Has Intensified Hurricane Rainfall, and Now We Know How Much

           

Houston residents Larry Koser Jr. and his son Matthew salvage possessions from their home after Hurricane Harvey. Photo by Erich Schlegel/Getty Images

CLICK HERE - STUDY - Anthropogenic influences on major tropical cyclone events

pbs.org - by Julia Griffin - November 14, 2018

Hurricane Harvey swamped Houston with seven days of pounding rain last August. When scientists went back to look at historical weather patterns, they reported Harvey dumped 20 percent more rain than it typically would have. The culprit: climate change.

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Unusually Warm Sea Water Boosted 2017's Catastrophic Hurricane Season

                   

A Sept. 7, 2017, satellite image from NOAA shows the eye of Hurricane Irma, left, just north of the island of Hispaniola, with Hurricane Jose, right, in the Atlantic Ocean. Six major hurricanes formed in the Atlantic in 2017, including Harvey, Irma and Maria.  (Photo: AP)

CLICK HERE - STUDY - Dominant effect of relative tropical Atlantic warming on major hurricane occurrence

usatoday.com - by Doyle Rice - September 27, 2018

The catastrophic 2017 hurricane season – which included such monsters as Harvey, Irma and Maria – was fueled in part by unusually warm ocean water, a new study suggests.

And because of human-caused global warming, the study said similar favorable conditions for fierce hurricanes will be present in the years and decades to come . . .

 . . . "We show that the increase in 2017 major hurricanes was not primarily caused by La Niña conditions in the Pacific Ocean, but mainly by pronounced warm sea surface conditions in the tropical North Atlantic," the study said.

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Your Flood Insurance Premium is Going Up Again, and That’s Only the Beginning

           

miamiherald.com - by Alex Harris - July 24, 2018

The letter might have already come in the mail. “Your building is at high risk for flooding,” it declares in bold. There are ominous charts warning that if you don’t take action, your flood insurance premium could rise up to 18 percent each year.

The bottom line: your flood insurance premium is going up again — and under a policy change the Federal Emergency Management Agency is considering, it could skyrocket even more in coming years.

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ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Risk Rating and Policy Forms Redesign (15 page .PDF document)

CLICK HERE - Federal Flood Insurance Average Premium to Rise 8%

CLICK HERE - FEMA - Flood Insurance Reform - Rates and Refunds

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Texas to Get Nearly $5B in Flood-Mitigation Funding

           

Stalled cars and rescue vehicles on a flooded section of Interstate 610 in Houston on Aug. 27.  ALYSSA SCHUKAR

CLICK HERE - BiPartisan Budget Act of 2018 (Public Law 115-123) - Long Term Disaster Recovery Investment Plan - Construction Account - As of July 5, 2018 (2 page .PDF file)

bizjournals.com - by Olivia Pulsinelli - July 6, 2018

The U.S. Army Corps of Engineers announced July 5 how it will allocate billions of dollars for more flood-mitigation efforts. 

Of the allocations announced July 5, the largest portion is more than $13.9 billion for the construction of nearly 60 projects to reduce damage from floods and storms across multiple states and Puerto Rico.

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Orange County, Texas - see page 11 in the 75 page report within the link below.  It describes the proposed construction for the levee in Orange County and includes a map showing the placement of the proposed levee.

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Scientists Warn Bigger and Stronger Storms Ahead

           

CLICK HERE - HURRICANES: A BIT STRONGER, A BIT SLOWER, AND A LOT WETTER IN A WARMER CLIMATE

CLICK HERE - RESEARCH - Changes in Hurricanes from a 13-Yr Convection-Permitting Pseudo–Global Warming Simulation

caribbean360.com - May 23, 2018

American scientists studying past and future weather patterns have warned hurricane conditions could get bigger, stronger and wetter.

Researchers at the National Centre for Atmospheric Research (NCAR) have published a detailed analysis of how 22 recent hurricanes would change if they instead formed near the end of this century. And while each storm’s transformation would be unique, on balance, the hurricanes would become a little stronger, a little slower moving, and a lot wetter.

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