Climate Change
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EIL market in France expands as full extent of ELD liability comes into focus
The French EIL market is now showing signs of steady growth, following the implementation of the Environmental Liability Directive, as…
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Tackling shipping emissions and its regulation on the agenda
The European Commission (EC) has published the first comprehensive overview of the problem of shipping emissions as debate around regulatory…
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US files suit against BP, QBE and seven others for Deepwater spill
The US Justice Department yesterday filed a suit against oil giant BP, and eight other companies, including Lloyd’s of London…
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CEA claims open market not ready for mandatory ELD cover
The CEA has responded to criticism of a 'negative' approach to mandatory financial security for the Environmental Liability Directive, and…
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Constructive criticism needed from CEA on ELD risks
The CEA has been criticised for its 'negative' approach to mandatory financial security for ELD liabilities and challenged to come…
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Commission should leave cover for ELD risks to market forces-expert says
Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention…
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Commission looks to beef up ELD as Hungary counts cost of toxic disaster
A recent report from the European Commission suggests that it is looking to beef up the Environmental Liability Directive [ELD]…
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UK flood spend set to increase despite budget cut for DEFRA
Despite an 8% budget cut for the UK's Department for Environment, Food and Rural Affairs, announced in its governments spending…
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ELD to ‘bare its teeth’ in Hungarian toxic spillage
The disaster in Hungary, which has seen toxic sludge escape from a reservoir in the city of Ajka, should serve…
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World’s top 3,000 companies caused over $2tn environmental damage in 2008
A new United Nations-backed study has estimated that the world’s top 3,000 companies by market capitalisation caused some $2.15tn of…
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Munich Re takes centre stage in Monte Carlo with oil rig plan
Munich Re announced an ambitious plan during the Monte Carlo reinsurance market Rendez-Vous to open talks with the US government…
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Confusion reigns in Spain over environmental liability
Spanish companies are seriously ill-prepared for the expected rise in environmental liabilities following the introduction of the Environmental Liability Directive…
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French risk managers digest challenges posed by ELD
French risk managers are fast waking up to demands placed upon their companies as they attempt to meet new environmental…
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Spanish market broke too early on ELD deadline
Over the past three years, Spanish companies have been busy preparing to meet the tough requirements of a new environmental…
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First Environmental Liability Directive cases from European Court of Justice
On 9 March, in its first rulings on the Environmental Liability Directive (ELD), the European Court of Justice (ECJ) concluded…
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As environmental liabilities grow regulators look set to get busy
As environmental regulations and liabilities continue to grow in the U.K., beefed up by the implementation of the Environmental Liability…
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Industrial Emissions Directive needs to be more flexible says Cefic
The European Chemical Industry Council (Cefic) supports the objective of the draft Industrial Emissions Directive (IED) but it believes that…