Global insurers step up coal exit plans as climate risks grow

Police officers stand guard near the Jaenschwalde power plant in eastern Germany, on Nov 30, 2019. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

Major insurance firms are increasingly turning their backs on highly polluting coal projects and companies, an analysis of company pledges has found.

This comes as the industry steps up efforts to cut greenhouse gas emissions blamed for heating up the planet.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.