Article 6CQH3 State Farm stopped insuring California homes due to climate risks. But it shares lobbyists with big oil

State Farm stopped insuring California homes due to climate risks. But it shares lobbyists with big oil

by
Oliver Milman
from Environment | The Guardian on (#6CQH3)

Allstate, too, has pulled out of climate disaster-prone areas while hiring lobbyists who are also aligned to fossil fuel interests

The largest home insurer in the US, State Farm, which is halting new homeowner policies in California due to the rapidly growing catastrophe exposure" posed by wildfires, has hired lobbyists who also work to advance fossil fuel industry interests across 18 states, a new database shows.

While State Farm in May refused to take new home insurance applications in California, it retains a lobbying firm in the state - the Sacramento-based KP Public Affairs - which also represents Tenaska, a gas developer. Across the US, State Farm shares lobbyists with a raft of oil and gas companies, including ExxonMobil, Calpine and Occidental Energy.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments