OFFSHORE ENERGY AND SHIPPING WARNED OF CLIMATE CHANGE THREAT

The global offshore energy and shipping sectorshave been warned they face a material change in risk exposures from climate changeas extreme weather becomes more commonplace. Assets such as oil platforms and wind turbine installations could be at particular risk as they may not have been designed to withstand such environmental challenges, Chaucer said in a new report. The wind energy sector faces a particularly acute threat from climate change as the offshore sector continues its rapid growth, stretching beyond historical territorial boundaries.