SchwartzReport: Insurance Divesting from Coal

03 Economy, 05 Energy, 07 Health, 11 Society
Stephan A. Schwartz
Stephan A. Schwartz

As I have predicted for some years, the first large corporations to change their policies on carbon investments will be insurance companies. Since they pay out claims brought on by disasters, they are exquisitely attuned to what causes disasters and carbon energy is at the top of their list. Insurance companies understand what Republicans will not admit — climate change is a game changer unlike anything ever seen before by the human species. So I take AXA’s action as good news.

Huge Insurance Company Cites Climate Change As Reason For Divesting From Coal