A new report entitled Global Oil & Gas – The Adaptation Challenge has identified top five impacts of climate change to the oil and gas industry. While three quarters of the world’s oil and gas companies surveyed believe climate change could impact their business, only 19 percent are taking action as noted in this report.
According to a new report released yesterday by IBM, nearly all electric utilities claim climate change is threatening power outages, higher costs and changes in usage as demand grows to power the world’s expanding cities. Over ninety percent of global electric utilities that report climate change activity to the Carbon Disclosure Project recognized they are at risk from changes in climate and water availability, which are already adding stress to the sector. However, less than a third claimed to undertake any financial or quantified evaluation to the impact of climate change on their business.
