APRA: Climate Change Risk, part of the “new normal” for Financial Services Sector

The speech by Geoff Summerhayes, Executive Board Member of APRA, at the Insurance Council of Australia Annual Forum in Sydney last week made it very clear that the regulator now sees climate change as completely real and something that must be priced into premiums and tested as a system-wide risk for the insurance industry. He […]

Alan Kholer knows what he’s talking about “The great coal hoax” and in The Australian no less.

“They know, and one suspects that Morrison and Turnbull know too — we all know, really — that the only reason coal is “cheap” is that the cost of dealing with the carbon dioxide that comes from burning it is not included in the price. … Those crises have now arrived in the form of […]

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