AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets November 25, 2020 By Bei Hu AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The...
Coal Financing Drying Up as More Countries Target Zero Carbon Emissions November 24, 2020 By Aaron Sheldrick and Fransiska Nangoy TOKYO – Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
Insurers Pressured to Drop Coverage of Canada’s Oil Sands Pipeline August 8, 2019 By Valerie Volcovici A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to...
CBA Joins Other Australian Companies with Aims to Cut Coal Exposure August 8, 2019 Commonwealth Bank of Australia became the latest company to join a global push to reduce emissions and said it would...
Citing Climate Change, Chubb Will Limit Insuring, Investing in Coal Plants July 1, 2019 Global insurer Chubb announced it will no longer underwrite the construction and operation of new coal-fired plants or new risks...
Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments May 24, 2016 By Don Jergler Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according...
California Commissioner Explains Call for Insurer Divestment from Coal February 4, 2016 By Don Jergler One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan....