The nonprofit sustainability organization Ceres is encouraging US insurers to increase their investment in clean energy amid investor pressure to meet targets set under the Paris climate agreement. "Those types of investments tend to fit well with insurance investment criteria -- long-term holdings that have reliable cash flows," said Cynthia McHale of Ceres.
Portland International Jetport in Maine is reportedly the first US airport to use only recycled de-icing fluid on aircraft, in addition to being the first in the country to develop such a recycling program. The fluid's active ingredient, propylene glycol, "in and of itself is nontoxic, but it has a high oxygen depletion factor when it breaks down in the environment," which could harm animal life in nearby waterways, said Paul Bradbury, the airport's director.
San Diego is contemplating a proposal to add 500 megawatts of energy storage to a San Diego Water Authority hydropower facility. The San Vicente Energy Storage Facility would pump water to the upper reservoir during times of low energy demand and release it through the turbines when needed.
The European Commission has announced that it will penalize member nations that fail to follow EU pollution rules. Twenty-three EU nations are still exceeding airborne pollution targets introduced for 2005 and 2010, the Commission estimates.
Though the Green Roof Initiative went into place at the start of the year in Denver, requiring green roof components to be placed on new and existing buildings with over 25,000 square feet, local government is still working on how to put it into effect. A lack of pre-planning, especially with local water, power and fire departments, as well as consideration for costs has led to confusion.
Real estate buyers are looking to resolve uncertainties associated with environmental liability for contaminated properties, and sellers must receive assurance that properties will be properly cleaned up and that redevelopment activities will be carried out by the purchasers in order to justify the loss of control over the remediation process that goes with a change in ownership prior to the cleanup. Both parties are searching for mechanisms that can reduce the uncertainties with the remediation. Learn more about contaminated property transactions.
On Feb. 5, Aon hosted a live broadcast from the Aon Property Symposium in Orlando, Fla., featuring CEOs from some of the world's largest insurers. Panelists discussed the state of the insurance market in the wake of one of the costliest loss years on record for the property market, the viability of modeling systems, advancements in cyber coverage, and what we as an industry must do to invest in innovation and our workforce. View the replay.
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.