Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments December 7, 2021 By Denise Wee AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure...
Climate Report: ‘Low- to No-Snow’ Will Worsen Water Shortages in U.S. West December 2, 2021 By Don Jergler The Intergovernmental Panel on Climate Change this week distributed the final draft of the Working Group III contribution to the...
NAIC Report Outlines Ways to Address Climate-Related Risks November 18, 2021 By Don Jergler The National Association of Insurance Commissioners released the report calling out measures to adapt to and deal with the risks...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects November 18, 2021 Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an...
South Africa Sued Over Plans to Construct New Coal-Fired Power Plants November 17, 2021 By Antony Sguazzin South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction...
COP26 Climate Agreement Targets Fossil Fuels as Key Driver of Global Warming November 15, 2021 By Valerie Volcovici, Kate Abnett and William James GLASGOW – U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the...
Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock November 15, 2021 By Simon Jessop and Ross Kerber GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the...
Draft COP26 Climate Deal Tries to Balance Demands of Developing and Richer Nations November 12, 2021 By Kate Abnett, Elizabeth Piper and Simon Jessop GLASGOW – A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Allianz, European Investment Bank Back €500M Public-Private Climate Fund November 8, 2021 By Simon Jessop GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros...