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The Water Cooler
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The Hartford to limit insurance for fossil fuel companies
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<blockquote data-quote="Snattlerake" data-source="post: 3310232" data-attributes="member: 44288"><p><span style="font-size: 22px"><strong>Idiots in high places...</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>The Hartford to limit insurance for fossil fuel companies</strong></span></p><p></p><p>Make 25% of your money from coal or fossil fuel? We won't cover you.</p><p></p><p>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.</p><p></p><p>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 <strong>Rainforest Action Network</strong> said The Hartford is the “first mainstream U.S. insurer” to restrict coverage for tar sands oil and coal.</p><p></p><p></p><p></p><p>The company said it plans to phase out policies or investments that currently violate those parameters by 2023.</p><p></p><p><a href="https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c" target="_blank">https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c</a></p><p></p><p>Rainforest Action Network</p><p></p><p><a href="https://www.ran.org/staff/" target="_blank">https://www.ran.org/staff/</a></p></blockquote><p></p>
[QUOTE="Snattlerake, post: 3310232, member: 44288"] [SIZE=6][B]Idiots in high places...[/B] [B]The Hartford to limit insurance for fossil fuel companies[/B][/SIZE] 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 [B]Rainforest Action Network[/B] 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. [URL]https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c[/URL] Rainforest Action Network [URL]https://www.ran.org/staff/[/URL] [/QUOTE]
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