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UK firms told to explain climate risks

Bloomberg The UK market watchdog wants big British public companies to disclose more about their exposure to climate risks — or tell investors why they can’t. The proposal from the Financial Conduct Authority (FCA) is part of a growing effort by policy makers and money managers to confront how companies will manage the shift to a lower carbon economy. The ...

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Uber to pay US drivers exposed to coronavirus

Bloomberg Uber Technologies announced it would begin offering compensation to drivers affected by the coronavirus in the US. The benefit follows similar company moves in Mexico and the UK and comes as the virus accelerates its spread in the US. People diagnosed with Covid-19 or placed in quarantine by a public health authority qualify for up to 14 days in ...

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Record winter warmth raises pressure on forecasters

Bloomberg Record winter warmth around the globe has raised pressure on weather forecasters from utilities and financial markets that depend on models to work out the economic impact of climate change. Abnormally high temperatures led to billions of dollars of lost revenue for energy producers, which have curtailed fuel supplies because everyone from homeowners to heavy industry didn’t need as ...

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