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.
The analysis found that the number of insurers withdrawing cover for coal more than doubled this year to 17, up from seven last year, but that the sector has a long way to go.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
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
