oil exploration

Shoring up the Energy Coast: Building Climate-Resilient Industries Along America’s Gulf Coast

This is a brief commentry by SwissRe (a global re-insurer) about the climate change risks facing the oil industry in the US gulf coast. They state that "the US Gulf Coast already faces significant risk of hurricane damage. Climate change, combined with economic growth and land subsidence, could increase losses in the region by up to 65 per cent over the next twenty years. As a result, affected communities could face cumulative economic damages of $US350 billion from climate hazards by 2030, says a new study released by Entergy Corporation and supported by Swiss Re research."