The Globe and Mail reports in its Wednesday, July 17, edition that more than half of Canadian businesses experienced financial losses last year due to extreme weather. The Globe's Jeffrey Jones writes that a large majority of executives, however, claim their companies do not have the time and resources to prioritize reducing carbon emissions, according to a new survey. The poll of executives from 350 companies, conducted by KPMG, found 56 per cent suffered lower profit because of wildfires, floods, heat waves and other weather damage in 2023. According to the survey to be released Wednesday, half experienced productivity losses and broken supply chains, and 30 per cent reported insurance issues. In addition, nine out of 10 believe their organizations will have to deal with a climate-related incident this year, KPMG said. The results show how the physical impact of climate change is a growing business risk, in addition to more stringent government and regulatory policies related to moving to a lower-carbon economy. Among the top reasons for struggling to meet climate targets, companies cited difficulties adapting to changing regulations and balancing short-term financial constraints with meeting long-term net-zero goals.