Unprecedented insurance action puts coal under pressure
Insurers are coming under growing political, regulatory and public pressure to support a rapid worldwide phase-out of coal.
In the last year, insurance companies have taken unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from more than $6 trillion of investments, reveals the Unfriend Coal campaign’s second annual scorecard on the industry. But the report also reveals that insurers in the United States, Japan and Australia are still supporting an industry that is fueling dangerous climate change.
The full Insurance Scorecard on Coal and Climate Change is available for free download.