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economic losses News

Natural disasters in past decade cost the world $3 trillion

The last decade was the worst on record for economic losses from natural disasters, amounting to $3 trillion - over a trillion more than the previous decade, insurance broker Aon pic said on Wednesday.

Canada's oil industry declares national emergency as prices drop

Alberta - The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. On Thursday, the price of Western Canadian Select closed at a record low just under $14 a barrel.

Western U.S. drought taking its toll on farmers' crops and cattle

Over half the western U.S. is currently experiencing some level of drought, reports the U.S. Drought Monitor. Sparsely populated areas in Utah, Colorado, New Mexico and Arizona, in particular, are grappling with dry conditions of historic proportions.

Rising seas to cost the world $14 trillion annually by 2100

In 80 years the rising seas’ cost could be $14 trillion a year globally, with the oceans possibly nearing two meters (6.5 feet) above their present levels, according to new research.

Apple growers in Quebec struggling with fire blight

Montreal - Fire blight, one of the most destructive diseases of fruit trees in North America has hit Quebec apple growers especially hard this year, affecting between 80 and 100 orchards out of 130 in the Laurentians region of the province.

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