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PwC: Supply Chains Threatened by Six-Degree Global Warming

Some 85 percent of companies have more complex supply chains as a result of globalization, and adjusted climate forecasts mean businesses should expect climate change to have an even more destructive effect than previously assumed on supply chains, assets and infrastructure, according to two reports from PricewaterhouseCoopers. The first PwC report, 10 ... Read more »

Policy & Enforcement Briefing: Pa. Drinking Water, German Shipper Banned, Chinese Solar

The Pennsylvania Department of Environmental Protection reported incomplete drinking-water test results that omitted data on some toxic metals, because the department’s oil and gas division had not requested all the results. The report is part of a lawsuit claiming that fracking and storage of wastewater have contaminated drinking water and ... Read more »

Policy & Enforcement Briefing: FERC $435m Penalty, Fuel Waiver, Calif. Carbon Market

The Federal Energy Regulatory Commission proposed a $435 million penalty against Barclays Bank for allegedly manipulating electricity markets in and around California between 2006 and 2008. FERC is also seeking to force Barclays to give up $35 million in profits gained from the allegedly illegal trading, and proposing $18 million ... Read more »

Sandy Ruptured Shell-Saudi Oil Tank; 349,000 Gallons Spilled

Cleanup efforts are underway to remove 349,000 gallons of diesel fuel that spilled into New Jersey’s Arthur Kill waterway as a result of Hurricane Sandy, according to media reports. The spill happened late Oct. 29 when a storage tank ruptured at a Motiva Enterprises oil tank facility in Woodbridge and ... Read more »

Policy & Enforcement Briefing: Hurricane Sandy, BP, Sulfur Limits, Chinese Mining

In assessing the aftermath of Hurricane Sandy, insurance industry analysts say that the government’s national flood insurance program is already $20 billion in debt since 2005’s Hurricane Katrina. It is expected that Sandy will exhaust the NFIP’s remaining $3 billion of statutory borrowing authority, and the program will need to request ... Read more »

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