US insurer Chubb to stop investing in or selling policies to coal firms
by Jillian Ambrose Energy correspondent from on (#4J9G4)
Company becomes latest to make pledge as risks of climate crisis become clearer
Chubb will become the first US insurer to turn its back on the global coal industry by beginning to phase out its coal investments and insurance policies within the next three years.
Chubb has ruled out selling new insurance policies to companies which build or operate coal power plants, or those which generate more than 30% of their revenue from coal mining or supplying coal-fired electricity.
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