Insurers Eschew 'Polluting Coal' And Refuse To Promote Global Environmental Decline

摘要

Coal is a necessary eviltoday, despite being polluter-in chief. However, people are beginning to appreciate the crying need to cut coal. The number of insurers turning their backs on coal more than doubled in 2019, activist groups said on Monday, 2nd November, sapping the viability of projects using the highly-polluting fuel. Coal exit policies have been announced by 17 of the world's biggest insurers controlling 46 percent of the reinsurance market and 9.5 per cent of the primary insurance market, said the Unfriend Coal campaign, a coalition of environmental groups, as it released its third scorecard on the sector.'This action is having a tangible impact,' it said, citing brokers as saying that costs are increasing to insure coal facilities with certain projects already being unable to obtain any coverage.