New Jersey’s Hell Week Is a Warning for Everyone, writes @markgongloff.bsky.social "All of this leaves us with a choice. We can keep plodding along, scrambling to clean up after each new disaster that puts fresh strain on already rickety and outmoded systems..." www.bloomberg.com/opinion/arti...

67% of registered US voters think global warming is affecting the cost of living in the US: They say global warming is increasing the costs of their home utility bills (66%), groceries (61%), car (56%), home insurance (51%), home repair and maintenance (43%), and health care (35%)

Revolt by BP shareholders is really about financial risk It is a broader financial question for all companies and industries whose earnings, valuations and surplus cash remain vulnerable to the net zero transition, and especially to carbon pricing... www.sustainableviews.com/revolt-by-bp...

It is NOT "very difficult" to "deconstruct the reasons" why Scott Bessent does not "believe" in climate change It's been known since 1934: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it" (Upton Sinclair) www.nytimes.com/2026/04/14/b...

California Utility Bills Are 14-19% Higher Due to Wildfires New government report warns that climate change could upend the state’s economy if policymakers don’t act, and recommends ending utilities' liabilities... but stops short of pointing to fossil fuels www.bloomberg.com/news/article...

Reuters and Les Echos in perfect sync about how Trump's war in Iran is boosting the EV market globally

How wildfires and storms drove insurance losses in 2025 Wildfires, floods and other “secondary perils” accounted for 92% of the $107bn in insured losses from “natural catastrophes” in 2025 www.carbonbrief.org/how-wildfire...

BBC: "UK winter nowhere near a record breaker despite floods and storms"... at national level Well, a recent report reminded us that averages are hardly relevant to climate risks: "Real-world losses are shaped by local extremes that are poorly captured by models focused on averages"

“We’re seeing more frequent & severe extreme weather and that affects insurance prices, all over the globe" This has prompted warnings of the emergence of “mortgage prisoners”, who cannot sell because their homes are too flood-prone to insure, and fears of rising defaults...

Global Warming’s Six Americas, Fall 2025 update via @yaleclimatecomm.bsky.social

So, shortly after the "contrarian" report he co-authored for the DOE got so badly debunked that the EPA didn't even dare to use it in its repeal of the "endangerment finding"... Steven Koonin gets to peddle the same kind of B.S. in a @washingtonpost.com op-ed... Why am I not surprised?

Flawed economic models mean climate crisis could crash global economy, warn @exeter.ac.uk and @carbontracker.bsky.social, as states and financial bodies use modelling that ignores extreme weather and tipping points "The net result is widespread complacency amongst investors and policymakers"

The Climate Repricing of Housing has Begun => New Substack from @ethanfletcher.bsky.social, "the first realtor focused on climate resilience" substack.com/@climatechan...

granted:

Deadly Floods’ $20 Billion Toll Shows Asia’s Rising Climate Risk "damaged homes, roads and rail lines, decimated crops, slowed factory output and inundated tourist spots"... www.bloomberg.com/news/article...

The source is this working paper based on a peer-reviewed framework developed by S. Usman (U. Mannheim) and @milesparker.bsky.social (@ecb.europa.eu) papers.ssrn.com/sol3/papers.... See the estimated short- and mid-term macroeconomic impacts across the EU: similar numbers for Italy and France

Canada’s prime minister and Alberta’s premier sign pipeline deal that could reverse oil tanker ban "The agreement will lead to more than 1 million barrels per day" This means the annual emissions from this dodgy deal will inflict over USD 48 bn in societal damages globally

In many parts of the US, insurance has been a relatively small part of the homebuying equation. Now, for many, it’s a major consideration. Homes most exposed to hurricanes and wildfires sell for an average of $43,900 less than they otherwise would have... www.nytimes.com/interactive/...

Risking It All: 1 in 6 Homeowners in the Most Climate-Vulnerable States Skip Home Insurance - @insurify.bsky.social report "A mix of unaffordability and climate risk likely explains this lack of coverage"... insurify.com/homeowners-i...

Verisk estimates that insured losses to onshore property in Jamaica from Hurricane Melissa will likely range b/w USD 2.2-4.2 billion And this is only insured damage to homes - look at what's NOT included...

Europe in full cognitive dissonance on climate...

Climate critics try to discredit IPCC author for linking disasters to global warming Roger Pielke Jr. and oil industry supporters are attacking climate scientist Friederike Otto, whose work has been used in lawsuits against polluters. www.eenews.net/articles/cli...

Politico: How Macron joined the climate bad guys club France has joined (far-right) Poland, Italy and Hungary to stall discussions on the EU's 2040 climate goal Yet we learned this week that the summer's heatwaves alone cost France around €10 billion in GDP...

The EU is lost in climate dissonance... Tuesday: "Climate change is burning a €43B hole in Europe’s pocket" Thursday: "EU set to miss UN climate deadline amid internal divisions" #OstrichEffect

“Mortgage markets are now on the front lines of climate risk,” said Jeremy Porter, First Street’s head of climate implications. “We need to price risk properly.” www.ft.com/content/5d5b... via @financialtimes.com

"Despite science showing that rising tides will reach front doors in a matter of decades, many people who make their living buying and selling property downplay warnings of a potential market crash due to increasing climate change impacts"

An Insurance Crisis Compounded by Climate Change Threatens the Broader U.S. Economy One expert speaking at a forum on insurance and housing says climate change could soon mark a “death spiral” for the financial industry in parts of the country... insideclimatenews.org/news/0105202...

In a recent post, Günther Thallinger, member of the supervisory board of Swiss insurer Allianz SE, offered a stark warning about what these costs could mean for the financial system... www.linkedin.com/pulse/climat...

In the US, 1 in 7 Homes Does Not Have Home Insurance as Premiums Skyrocket and 18% of Florida homes lack insurance -- well above the national average rate www.realtor.com/news/trends/...

unfortunately it's not that simple: private interests actually play a much bigger role here... Remember, Exxon has known about the danger of climate change since the 1970s, and chose to manufacture doubt about the science