Major World Economies Seek to Halt New Private Sector Coal Financing June 11, 2024 By Kate Abnett and Simon Jessop Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt...
EU Regulator Says Insurers Could Face Climate Stress Tests as Soon as 2023 November 4, 2021 By Carolyn Cohn and Huw Jones LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator...
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...
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...
Sustainable Investment Group Questions Liberty Mutual over Australia Coal Mine Plan April 8, 2021 MELBOURNE – UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a...
Lloyd’s Insurer Brit to Stop Insuring Australia’s Adani Coal Mine February 23, 2021 Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding...
Construction of Controversial UK Coal Mine Now Under Review After Climate Backlash February 10, 2021 By Jessica Shankleman Construction of a coal mine that threatened UK Prime Minister Boris Johnson’s claim to be a world leader in the...
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...
Top Investor Group Including Allianz Warns Firms to Cut Ties to Coal November 9, 2020 By Simon Jessop Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build,...