Representations and warranties insurance is an increasingly important factor alongside environmental insurance in providing protection during mergers and acquisitions, write Veronica Benzinger and Allyson Coyne of Aon. "Dealmakers and their advisers should carefully consider the environmental risks posed by the operations of the target company early in the deal to determine how such risks will be apportioned between the parties" and to assess how R&W and environmental insurance can help address the risks, they write.
The shipping industry has agreed upon a plan to halve greenhouse gas emissions by 2050. Just the US and Saudi Arabia objected to the draft agreement out of the total 173 International Maritime Organization member states.
Lithium-ion batteries in smartphones present particular challenges to electronic-waste companies, as there is a risk of the batteries catching fire. One handling technique involves using a "hot table" that melts the glue holding the battery.
Developing end markets for recycled materials and evaluation of products' total life cycle impact are topics of concern as changes to China's contamination standards on solid waste imports ripple through the US market. Industry experts met last week to tackle these and other issues in the export-dependent Northwest at a workshop organized by the National Recycling Coalition and the Association of Oregon Recyclers.
Fourteen states have sued the Environmental Protection Agency, saying it has violated the Clean Air Act by failing to enact rules to control methane emissions from oil and natural gas operations. "The EPA has a clear legal duty to control methane pollution from oil and gas operations," said New York Attorney General Eric Schneiderman.
The cement industry will not meet the climate change goals established in the Paris agreement without reducing its emissions quickly, according to the Carbon Disclosure Project. Cement production is the second-largest industrial source of carbon emissions, accounting for 6% of all global carbon emissions, the CDP said.
An increasingly connected world has brought new business opportunities, increased efficiency and consumer convenience. But it has also increased risk. 2017 saw many organizations suffer significant financial damage as a result of cyberattacks. As these attacks affect all areas of operation, cybersecurity is no longer simply an IT issue. How should the C-suite be preparing for cyberthreats? Read more.
Political violence risks are rising globally because of geopolitical tensions, a weakening of liberal democratic governance and the repercussive effects of chronic conflicts around the globe. For the third successive year, more country risk ratings have increased (17) than decreased (six). Aon's Risk Maps provide comprehensive insights into some of the most challenging risks facing firms operating worldwide, acting as an invaluable barometer for those seeking to understand and respond to the risks they face internationally. How do these findings affect your firm? Learn more.
If you reject the food, ignore the customs, fear the religion and avoid the people, you might better stay home.
James A. Michener, author
About Aon Environmental
Aon Environmental provides clients with the specialized expertise needed to understand their exposure and its consequences, including how it impacts financial objectives as well as corporate governance, sustainability, and regulatory concerns. Using a multi-disciplinary approach that draws upon experience in environmental law, environmental remediation, and environmental risk management, the Aon team has developed solutions for the largest and most complex environmental placements. Our superior technical skills, combined with market knowledge and relationships, ensure that the best presentation of our client's objectives will be made.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.