Analysis finds Calif. insurers’ energy investments face physical climate risks

摘要

A new study has found that portions of the energy portfolio investmentsof insurers in California are exposed to climate-related physical risks associatedwith flooding, water scarcity and wildfires. Released Jan. 4, the scenario analysis was performed for the CaliforniaDepartment of Insurance by the 2 Degrees Investing Initiative and examinedthe bond and stock market investment portfolios of insurers operating inCalifornia. The report was prompted by California Insurance CommissionerDave Jones, who has urged insurance companies to divest from thermal coalfiredgeneration. A number of republican state attorneys generation and agovernor in 2017 threatened to sue Jones if he continued that divestmentpush.