Climate’s pressure on energy firms isn’t just political, it’s financial

For the oil company ConocoPhillips, a warming climate means risks for the annual construction of an ice road that brings heavy equipment and supplies to its facility on the edge of Alaska’s National Petroleum Reserve.

For energy companies in the Gulf region from Houston to New Orleans ​– home to key refineries for gasoline and other US fuels ​– it means heightened risks of storm and flood damage.

And amid litigation over devastating wildfires, warming is cited as a key factor tipping PG&E, California’s largest electric utility, into a bankruptcy filing last week.

These are all signs