- Bank of Canada warns 'fire sales' of carbon-intensive assets could 'destabilize' financial systemThe shift to a low-carbon economy is "underway" and sectors like oil and gas, as well as the banks that loan money to them, are exposed to risks from climate change that could spill over into destabilizing "fire sales," the Bank of Canada said Thursday.
Read more... Bank of Canada warns
- A Major Coal Company Went Bust. Its Bankruptcy Filing Shows That It Was Funding Climate Change Denialism.The bankruptcy of one of the largest domestic coal producers in the country has revealed that the company maintains financial ties to many of the leading groups that have sowed doubt over the human causes of global warming.
Read more... A Major Coal Company
- Study: U.S. Fossil Fuel Subsidies Exceed Pentagon SpendingThe United States has spent more subsidizing fossil fuels in recent years than it has on defense spending, according to a new report from the International Monetary Fund. The IMF found that direct and indirect subsidies for coal, oil and gas in the U.S. reached $649 billion in 2015.
Read more... Study: U.S. Fossil F
- The surprising reason drug prices are on the riseYou are not imagining it: Drug prices really are increasing. New research led by academics at the University of Pittsburgh and published Monday in Health Affairs helps us put some numbers on exactly how much and what kind of drugs are to blame.
Read more... The surprising reaso
- Drugmakers Jazz, Alexion, Lundbeck to pay $123 million to resolve U.S. charity kickback probeThree drugmakers will pay $122.6 million to resolve claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging use of their medications, including some expensive ones. The U.S.
Read more... Drugmakers Jazz, Ale