fossil fuels News
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures
Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in metallurgical coal mining. The restrictions also entail asking the ...
As Climate Risk Rises, U.S. Insurers Continue to Invest in Fossil Fuels
U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets, which in turn contribute to the risk of climate-related damage to the underwriting side of their ...
Viewpoint: Why Activists Should Rethink Hard Insurance Exits From Fossil Fuel Underwriting
Insurers play an important role in helping protect families, businesses and communities as our economy transitions to a greener energy future. However, those protections ...
Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’
A group of climate activists has called on 30 insurance company CEOs to "immediately" stop underwriting new fossil fuel projects in the wake of a stark climate warning ...
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Connecticut lawmakers are considering imposing a surcharge on insurers' premiums from the fossil fuel industry.
The proposal (SB-1115) ...
Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’
Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring environmental, social and governance issues are "fundamentally flawed." ...
Insurance Professionals Want Industry to Act on Climate Change: Study
A recent survey of insurance employees and risk management students found that the majority are deeply concerned about climate change and want the industry to address it. In fact, 59 percent of ...
Lloyd’s of London Slimed by Climate Protestors Spilling 220 Gallons of Fake Oil Outside HQ
Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd's of London Friday, part of a campaign to draw attention to the finance industry's financing of fossil fuels. The ...