Insurance companies turn away from coal
6 Aug 2019
INSURANCE companies are refusing to cover power companies using coal and are extending the ban to coal-mining, analytics company GlobalData says.
AXA is extending its climate-change policy to its recently acquired XL division, which will mean XL will no longer insure any construction projects related to coal-fired power plants and the extraction of tar sands, in line with the rest of the AXA business.
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Story copyright © Carbon News 2019
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