Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...
Czech Utility CEZ Manages to Find Insurance After 2 Providers Exit from Coal Coverages June 21, 2021 PRAGUE — Czech utility CEZ said on Friday [June 18] it had found alternative insurance for its coal-fired power plants...
Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
Major UK Asset Manager Divests from Insurer AIG over Climate Policies June 15, 2021 By Alastair Marsh Legal & General Investment Management will sell holdings in four companies including U.S insurer American International Group Inc. after deeming...
World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss June 3, 2021 By L.S. Howard Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss,...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism June 2, 2021 By L.S. Howard Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off...
Bank of England Plans to Nudge Companies to Cut Greenhouse Gas Emissions May 24, 2021 By David Milliken LONDON – The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of...
UK Supports Global Deal to Stop Cross-Border Financing of Coal Projects May 14, 2021 By David Milliken Britain wants to broker a global agreement to stop the cross-border financing of coal projects when it hosts a major...
Liberty Mutual Weighing Options, Delays Australian Coal Mine Project April 30, 2021 By Sonali Paul MELBOURNE — U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia,...
Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’ April 23, 2021 By L.S. Howard Lloyd’s of London was the focus of climate change activists on Friday, when a group called “Insurance Rebellion” used a...