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NJ beach restoration project

$38M Contract Awarded for Storm Risk Reduction

Manson Construction has been awarded a $38 million contract to restore areas of the New Jersey coastline damaged by Hurricane Sandy. The Christie Administration, in partnership with the US Army Corps of Engineers, this week announced the award to reconstruct beaches, stormwater outfalls and implement modifications to existing groins in … Read more »

DOE Report Explores Water Energy Nexus

DOE Report Explores Water Energy Nexus

Water scarcity, variability and uncertainty are becoming more prominent, potentially leading to vulnerabilities of the US energy system, according to a US Department of Energy report. The report frames an integrated challenge and opportunity space around the water-energy nexus for the DOE and its partners and lays the foundation for … Read more »

Lloyd’s of London Urges Insurers to Factor in Climate Change Risk

Lloyd’s of London Urges Insurers to Factor in Climate Change Risk

Lloyd’s of London, the world’s oldest insurance market, is urging insurers to factor climate change  into their catastrophe models. The report, “Catastrophe Modelling and Climate Change,” says climate change is expected to continue to happen even if strong action is taken to cut greenhouse gases. Policymakers and planners will have to use climate … Read more »

Top EPA Management Challenges: Site Reuse, Chemical Risks, Delegation to States

The EPA’s top management challenges in 2013 were oversight of delegation to states, safe reuse of contaminated sites, enhancing IT security to combat cyber threats, lack of information and authority for managing chemical risks, and workforce planning, according to the agency’s inspector general. The OIG’s annual plan for FY14 says … Read more »

Hurricane Sandy in Brooklyn, NY

How Much Does Climate Change Cost Companies?

A study to calculate the economic risk US industries face from climate change is being funded by New York City mayor Michael Bloomberg, billionaire Tom Steyer and George W. Bush-era Treasury secretary Henry Paulson, Bloomberg Markets Magazine reports. The three men will also co-chair the study, which will look at … Read more »

Colorado flood damage

Colorado Flood Losses Could Exceed $1 Billion

The unprecedented flooding ravaging Colorado is hurting businesses in myriad ways, from health risks and environmental damage associated with flooded oil fields to fewer tourists visiting the state. The Denver Post reports that thousands of oil wells and sites have been affected and some are still being overrun by rushing … Read more »

President Obama

Obama’s Climate Plan Sets Power Plant Emissions Limits

President Barack Obama’s climate plan will restrict carbon emissions from existing coal-fired power plants and boost investment in renewable energy, according to White House documents. The climate plan, which Obama will announce this afternoon, doesn’t set a timeline for the power plant rules. Reuters reports the EPA will issue proposed … Read more »

NY Building Codes Could Raise Costs

New construction and major renovation projects in New York City could get more expensive under major changes to the city’s building codes, spurred by Hurricane Sandy. Hospitals and other key facilities would have to improve measures to protect windows from high winds, possibly costing hundreds of thousands of dollars per … Read more »

Policy & Enforcement Briefing: US Sues Exxon, Smog Rules ‘Could Cost $1 Trillion’

The Justice Department and the state of Arkansas filed a lawsuit Thursday against Exxon Mobil over the 5,000-barrel Pegasus pipeline spill in Mayflower, Arkansas. The two parties are seeking civil penalties, and the state is also seeking a judgment on Exxon’s liability for damages. The March spill contaminated 22 homes, … Read more »

Hurricane Sandy

Climate-Change Related Weather Pounds Insurers

The US insurance industry expects climate-change related storms and weather occurrences to worsen — but isn’t doing much to combat global warming, the New York Times reports. Peter Höppe, who heads Geo Risks Research at the reinsurance giant Munich Re, cites studies that forecast a rise in future summer droughts, … Read more »

Policy & Enforcement Briefing: Obama-Utility Meeting, Efficiency Bill, EPA in Court

President Obama will meet with electric utility CEOs and power industry trade associations today to discuss lessons learned and actions taken since Hurricane Sandy, with an eye on the upcoming hurricane season, the Hill reports. The EPA yesterday defended its climate change regulations in two cases at the US Court of Appeals, GreenWire reports. … Read more »

Policy & Enforcement Briefing: EPA Bee Report, Post-Sandy Aid, Energy Contracts Urged

Senate Energy and Natural Resources Committee chairman Ron Wyden (D-OR, pictured) has urged President Obama’s administration to contract for the remaining $1.5 billion in energy savings performance contracts (ESPCs) by the end of 2013. Obama committed the federal government in December 2011 to spend $2 billion on energy upgrades via ESPCs, as part of the … Read more »