Idiots in high places...
The Hartford to limit insurance for fossil fuel companies
Make 25% of your money from coal or fossil fuel? We won't cover you.
The company also said it will not write policies or make investments in companies that generate more than 25% of their revenue directly from extracting oil from tar sands. It won’t cover or invest in the construction and operation of new coal-fired plants.
The Hartford posted around $19 billion in revenue in 2018. The company joins 18 global insurers in limiting or dropping coverage of energy companies that tend to rely on fossil fuels, but the Rainforest Action Network said The Hartford is the “first mainstream U.S. insurer” to restrict coverage for tar sands oil and coal.
The company said it plans to phase out policies or investments that currently violate those parameters by 2023.
https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c
Rainforest Action Network
https://www.ran.org/staff/
The Hartford to limit insurance for fossil fuel companies
Make 25% of your money from coal or fossil fuel? We won't cover you.
The company also said it will not write policies or make investments in companies that generate more than 25% of their revenue directly from extracting oil from tar sands. It won’t cover or invest in the construction and operation of new coal-fired plants.
The Hartford posted around $19 billion in revenue in 2018. The company joins 18 global insurers in limiting or dropping coverage of energy companies that tend to rely on fossil fuels, but the Rainforest Action Network said The Hartford is the “first mainstream U.S. insurer” to restrict coverage for tar sands oil and coal.
The company said it plans to phase out policies or investments that currently violate those parameters by 2023.
https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c
Rainforest Action Network
https://www.ran.org/staff/
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