The U.S. insurance industry is undermining efforts to meet climate targets by continuing to support new oil and gas production, the Insure Our Future campaign reveals today in its fifth annual scorecard on insurers’ climate policies. The scorecard shows that no North American insurers have stopped providing insurance for new oil and gas projects, despite… Continue reading NEW REPORT: U.S. Insurance Companies Providing a Last Lifeline to Coal
Tag: Insure Our Future
Big Insurers Struggle Over Climate Approach
The campaign to stop the proliferation of coal plants may come down to a bit of financial engineering: pulling the plug on insurance coverage. More than 30 insurance companies have announced restrictions on underwriting coal projects, making it difficult for major coal operators to line up bank financing and investment for mines, transportation and power… Continue reading Big Insurers Struggle Over Climate Approach