Thursday, November 16, 2017

Why insurance companies are divesting fossil fuels

Insurance companies have been worrying about climate change for decades. They end up footing the bill for a lot of weather damage and the expansion of disease throws off their actuarial tables.

But until recently, their fears hadn’t affected their investments. But that is changing. The largest insurance companies are based in Europe and they are starting to dump fossil fuel stocks. There’s a nice diagram showing why this matters to them, how their investments had been fueling the same problems they had been trying to avoid.

Growing number of global insurance firms divesting from fossil fuels - the guardian

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