Banks and Insurers Increasingly Move Away From Coal: Report May 4, 2023 Banks and insurers are more frequently adding coal exclusion policies to their investments while those with existing policies are toughening...
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction March 22, 2023 Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions,...
Major Institutional Investors Ask Glencore to Justify Thermal Coal Development January 6, 2023 By Melanie Burton International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal...
Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants December 1, 2022 The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired...
Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report October 20, 2022 Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments October 7, 2022 Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects,...
Dutch Insurer NN Group Expects to Accelerate Exit From Coal Investments May 27, 2022 By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
Credit Suisse Investors Push for Faster Climate Action April 26, 2022 By Simon Jessop and Brenna Hughes Neghaiwi A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline April 21, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...