Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers’ “support” of new fossil fuel projects, on the heels of an industry retreat from areas prone to climate risks. American International Group, Travelers Companies, Chubb, …
A Montana judge said a climate change lawsuit from young people challenging the state’s pro-fossil fuel policies will proceed to trial despite efforts by the state to derail the case. The upcoming trial in Helena would be the first of …
A letter to the world’s insurance companies from a climate activist group calls on the industry to immediately stop insuring companies and projects that promote the expansion of coal, oil and gas, and phase out all insurance services for fossil …
California Insurance Commissioner Ricardo Lara on Monday issued a new report and webpage detailing insurer investments in fossil fuels. The report is a study of fossil fuel investments by insurers, identifying insurance company holdings in green bonds that support clean …
Two-thirds of executives say their companies are “very concerned” about climate change, and 79% believe the world is at “a climate change tipping point,” according to the recently released Deloitte 2022 CxO Sustainability Report. Deloitte polled more than 2,000 C-suite …
Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia Energy Solutions (PES). Other laborers ripped asbestos from the …
Efforts to slow the process of global warming focus on the future harms of continuing to burn fossil fuel, but new research released Tuesday shows that deadly consequences from pollution are killing larger numbers of people right now than had …
Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts. “The escalating frequency and severity of extreme weather-related events …
Several dozen activist groups, businesses and elected representatives released a letter on Thursday to the CEOs of Liberty Mutual, AIG and Farmers calling on the three biggest fire insurers in California to stop fueling the “climate crisis” that is creating …
Nobody’s saying much as California Insurance Commissioner Ricardo Lara considers how he will respond to a petition submitted by climate change activists urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they …
