March 2013

Who Says Catastrophe Bond Payouts Are Not Correlated With the Stock Market?

March 27, 2013 08:54
by J. Wylie Donald
Here is some food for thought:  Catastrophe bond payouts are correlated with climate change.  Climate change is correlated with stock market returns.  Therefore catastrophe bond payouts are correlated with the stock market.   See Aristotle, Prior Analytics.  We did not study philosophy but Aristotle’s syllogism seems difficult to refute. The March 2013 Best’s Review reports on investors’ current heightened interest in catastrophe bonds; demand in ...

Climate Change | Climate Change Effects | Insurance | Weather

Native Village of Kivalina Files Its Petition for Certiorari - A Five-Year Climate Change Litigation Marathon That Has Yet to Start

March 15, 2013 08:54
by J. Wylie Donald
One day short of five years since the case was originally filed, on February 25, 2013 the plaintiffs in Native Village of Kivalina v. ExxonMobil Corp. attempt once more to get out of the starting blocks, this time with a petition for certiorari  to the United States Supreme Court.  This follows dismissal by the Northern District of California in 2009, affirmance of the dismissal by the Ninth Circuit last September, and denial of a petition for rehearing en banc in November. &...

Climate Change Litigation | Greenhouse Gases | Sustainability

Act II at the Obama EPA: Gina McCarthy (is predicted) To Take the Helm

March 1, 2013 00:43
by J. Wylie Donald
The President gave an indication of his environmental focus in his inaugural address, and then again in his state of the union speech. The focus would be on climate change.  Central to that focus would be the EPA Adminstrator, but that would not be Lisa Jackson who tendered her resignation at the end of 2012.  If Washington gossip is any guide, Ms. Jackson's replacement will be Gina McCarthy, the current head of EPA's Office of Air and Radiation. We went looking to see if we could dr...

Carbon Emissions | Climate Change | Regulation | Renewable Energy | Solar Energy


McCARTER & ENGLISH CLIMATE CHANGE AND RENEWABLE ENERGY PRACTICE GROUP

The business case for the development of renewable energy projects, from biodiesel and ethanol to wind, solar, and distributed generation, is more compelling than ever as tax and regulatory incentives combine to attract investments. Emerging issues in environmental law and increasingly recognized principles of corporate social responsibility are encouraging public companies to voluntarily reduce greenhouse gas emissions, install clean energy alternatives, and invest overseas in projects under the Kyoto Protocol to respond to climate change concerns.

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