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Factbox: Barry could be latest storm to batter New Orleans

5 days ago DieselGasoil Comments Off on Factbox: Barry could be latest storm to batter New Orleans
(Reuters) – Tropical Storm Barry was headed toward New Orleans on Thursday, and forecast to gain strength and become this year’s first Atlantic hurricane, the latest in a long line of storms to strike the city. The worst hurricanes to swamp New Orleans in modern history, either hitting the city directly or devastating it in Read More

Oil majors evacuate U.S. Gulf platform staff before storm

7 days ago DieselGasoil Comments Off on Oil majors evacuate U.S. Gulf platform staff before storm
HOUSTON (Reuters) – Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm this week. FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. Read More

Tropical Storm Barry could form in Gulf of Mexico, rattling markets

1 week ago DieselGasoil Comments Off on Tropical Storm Barry could form in Gulf of Mexico, rattling markets
By Brian K. Sullivan on 7/8/2019 BOSTON (Bloomberg) — A tropical storm could form in the eastern Gulf of Mexico by Thursday and potentially swirl through offshore oil and gas fields along the coast. The system, now a cluster of showers and low pressure across Georgia, has an 80% chance of becoming a tropical system Read More

Reinsurance hedge fund Tangency Capital raises further $165 million

2 weeks ago DieselGasoil Comments Off on Reinsurance hedge fund Tangency Capital raises further $165 million
LONDON (Reuters) – Hedge fund Tangency Capital has raised a further $165 million to invest in the property reinsurance market, bringing its size to $265 million as the hurricane season gets under way, one of its co-founders told Reuters on Wednesday. Insured losses from natural catastrophes totaled more than $200 billion in the past two Read More

U.S. House panel sets July 10 deadline in hurricane response probe

2 weeks ago DieselGasoil Comments Off on U.S. House panel sets July 10 deadline in hurricane response probe
WASHINGTON (Reuters) – A U.S. House committee has called on the White House to turn over documents related to the Trump administration’s handling of hurricanes in 2017 that devastated Puerto Rico and the U.S. Virgin Islands, accusing it of stonewalling. FILE PHOTO: A participant holds a sign paying tribute to the victims of Hurricane Maria, Read More

British companies, pension funds may have to report climate risks

2 weeks ago DieselGasoil Comments Off on British companies, pension funds may have to report climate risks
LONDON (Reuters) – British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, during the Extinction Rebellion protest in London, Britain April Read More

Fitch adds environmental risk metric to mortgage-backed securities ratings

1 month ago DieselGasoil Comments Off on Fitch adds environmental risk metric to mortgage-backed securities ratings
FILE PHOTO: Houses sit in floodwater caused by Hurricane Florence, in this aerial picture, near Lumberton, North Carolina, U.S. September 17, 2018. REUTERS/Jason Miczek/File Photo NEW YORK (Reuters) – Fitch Ratings will factor natural disaster and catastrophic risk into their ratings of residential mortgage-backed securities (RMBS), the firm announced Tuesday, the first of the three Read More

U.S. House fails to pass disaster aid bill; second attempt likely next month

2 months ago DieselGasoil Comments Off on U.S. House fails to pass disaster aid bill; second attempt likely next month
WASHINGTON (Reuters) – The U.S. House of Representatives on Friday failed to pass a $19.1 billion disaster aid bill supported by President Donald Trump, but is expected to try again early next month. FILE PHOTO: Tom Geisler surveys damaged to his farm, following flooding in Winslow, outside Omaha, Nebraska, U.S., March 20, 2019. REUTERS/Humeyra Pamuk/File Read More

U.S. Senate passes $19.1 billion in disaster relief, no border aid

2 months ago DieselGasoil Comments Off on U.S. Senate passes $19.1 billion in disaster relief, no border aid
WASHINGTON (Reuters) – The U.S. Senate on Thursday approved $19.1 billion in aid to help Americans rebound from a string of natural disasters, but without the extra funds to address a migrant surge at the border that President Donald Trump had requested. FILE PHOTO: Roads are closed following heavy floods near Monroe, Nebraska, U.S., March Read More