Just as the fax gave way to email and whale oil gave way to kerosene, so is coal giving way to cleaner forms of energy. The insurance industry needs to play its part to accelerate this transition, argues Bill McKibben in this commentary.
A new campaign pressures insurers to quit the coal sector, and on the same day the first big insurer announces to stop insuring coal.
Leading European investors have invested at least $130 billion in fossil fuels and continue to insure and enable coal projects. This is the main finding of a new report published by the research firm Profundo.
Insurance companies have warned about climate change since the 1970s, but continue to enable coal projects by insuring them and investing them. Read this briefing paper about the role insurers play in propping up a climate-destroying industry. Underwriting Climate Chaos: Insurance Companies, the Coal Industry and Climate Change Coal Insurance Briefing Paper by Jason Mogus […]