Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies — a high-water mark for the divestment movement, according to climate-change advocates. The number …
Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive more than 30 percent of their …
Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from …
Oil and gas industry bosses called for an “effective” agreement at the United Nations climate change summit in December, recognizing that current greenhouse gas emissions were inconsistent with the goal of limiting global warming. The leaders of 10 companies said …
Dublin-based XL Group plc announced that XL Innovate*, the venture capital fund sponsored by the company, has acquired all of the shares of New Energy Risk Inc. “New Energy Risk has developed and delivered to the market unique performance warranty …
Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets, will embed carbon risk into …
Allianz SE is boosting its investments in clean-energy in the coming years and is looking to enter the U.S. wind market. The insurer’s Allianz Deutschland unit will raise its annual investment into renewables, mainly wind, about 75 percent to 350 …
Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to “decarbonize,” …
