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

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