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Insurance companies turn away from coal

Tuesday 6 Aug 19 11:00am

 

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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