Yesterday, Royal Dutch Shell said it would aim to cut the "net carbon footprint of its energy products by around half by 2050," with an interim reduction goal of 20% by 2035.
Why it matters: The pledge is the latest sign of how the world's biggest oil and gas companies are positioning themselves on climate change. It also comes on the heels of Shell's deepening involvement in electric vehicle charging.
A report by Moody's Investors Service, out today, looks in-depth at how the ratings agency assesses climate change risks — such as extreme heat, rising sea levels, extreme weather events, "nuisance" flooding and more — for state and municipal governments that are becoming more severe over time.
Why it matters: The report — which explores both underlying trends and climate "shocks" from extreme events — offers a window into how specialists view the long-term fiscal risks from climate change.
