Lloyd's predicts BP disaster will prove oil industry's Three Mile Island

clock • 2 min read

Insurance giant warns environmental risks will only increase unless action is taken to curb reliance on fossil fuels

Over reliance on fossil fuels is driving companies to take unnecessary environmental risks as typified by the recent oil disaster in the Gulf Of Mexico. That is the conclusion of a major new report...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Bank of England insists climate risk still 'part of our remits', despite claims of neglect

Bank of England insists climate risk still 'part of our remits', despite claims of neglect

UK central bank claims climate risk remains part of its work, despite allegations from former staff that efforts to shore-up financial resilience to nature and climate threats have been de-prioritised

Sorin Dojan
clock 03 June 2025 • 3 min read
'Triple dividend of resilience': Why climate adaptation is the 'smartest development investments available'

'Triple dividend of resilience': Why climate adaptation is the 'smartest development investments available'

Major new report from WRI examines the hidden benefits that can be unlocked through investment in climate adaptation

clock 03 June 2025 • 6 min read
'Another stark warning': Four billion people endured extra month of extreme heat over past year

'Another stark warning': Four billion people endured extra month of extreme heat over past year

Around half the world's population experienced an extra month of extreme heat over the past year, new study warns

Stuart Stone
clock 02 June 2025 • 5 min read