coal investments News
Allianz Investment Arm Plans to Slash Investment in Some Coal Businesses
Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that ...
Global Financial Firms Risk $1 Trillion in Losses if Slow to Act on Climate Change
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new ...
Chubb Becomes First U.S. Carrier to Phase Out Coal Investments/Insurance Policies
Chubb Ltd will become the first U.S. insurer to phase out its coal investments and insurance policies, saying on Monday it will no longer sell insurance to or invest in companies that make more than ...
Hannover Re Joins Carriers Scaling Back Coal-Based Risks
Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of insurers and reinsurers that have made similar moves. In addition to ...
Big Coal Wants Taxpayers to Cover Costs of Anti-Pollution Technology
Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit. The world's biggest oil, natural gas and mining companies are stepping up their ...
Munich Re Will Halt Investment in Coal-Related Businesses
Munich Re, the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, ...
Swiss Re Launches Restrictive Coal Exposure Coverage Policy
Swiss Re has started a policy where it will not provide insurance or reinsurance to businesses with more than 30 percent thermal coal exposure. The policy, first announced in June 2017, is designed ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...