Carbon News - Intelligence for the carbon market

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.

... login or subscribe for full story
Story copyright © Carbon News 2019

Subscriber Content - You need to log in

To access this Carbon News information right now, please accept our 7 DAY FREE TRIAL subscription offer. Simply click the Subscribe button and follow the steps.

We send you a reminder before we charge your card or send an invoice before your FREE trial ends. We'll also remind you before we automatically renew your annual subscription. We will also ask you for updated credit card or invoicing information at this time, if necessary.

Please enjoy your 7 day FREE trial.

Related Topics: Energy


Latest in Business