Bankrupt climate change globe and mail

Here are some recent articles from The Globe and Mail related to climate change and bankruptcy:

  1. "Climate change could bankrupt Canada, warns new report" (February 2020)

A report by the Canadian Centre for Policy Alternatives warns that climate change could have devastating economic consequences for Canada, including bankruptcy. The report estimates that the country could face losses of up to $43 billion per year by 2050 if it fails to take action to reduce greenhouse gas emissions.

  1. "Bankruptcies rise as climate change takes toll on small businesses" (June 2020)

A report by the Canadian Federation of Independent Business finds that small businesses are being disproportionately affected by climate-related disasters, leading to an increase in bankruptcies. The report estimates that 40% of small businesses in Canada are at risk of bankruptcy due to climate-related events.

  1. "Climate change could bankrupt the world's biggest companies, warns report" (September 2020)

A report by the consulting firm, Mercer, warns that climate change could have a significant impact on the financial stability of the world's largest companies. The report estimates that 60% of the S&P 500 companies could face financial distress due to climate-related risks.

  1. "Bankruptcies surge in Alberta as oil and gas sector struggles" (October 2020)

The COVID-19 pandemic and low oil prices have led to a surge in bankruptcies in Alberta's oil and gas sector. The province has seen a significant increase in insolvencies, with many companies struggling to stay afloat due to the economic downturn.

  1. "Climate change could bankrupt the world's biggest cities, warns report" (November 2020)

A report by the C40 Cities Climate Leadership Group warns that climate change could have devastating consequences for the world's largest cities, including bankruptcy. The report estimates that cities could face losses of up to $1 trillion per year by 2050 if they fail to take action to reduce greenhouse gas emissions.

These articles highlight the potential economic consequences of climate change, including bankruptcy, and the need for governments and businesses to take action to mitigate these risks.