The Hartford to limit insurance for fossil fuel companies
Source: AP
HARTFORD, Conn. (AP) A major insurer is limiting its coverage of companies in the fossil fuel business, citing concerns about climate change.
The Hartford Financial Services Group Inc. wont cover companies that get more than a quarter of their revenue from thermal coal mining or that produce more than a quarter of their energy from coal.
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 wont cover or invest in the construction and operation of new coal-fired plants.
The company said it plans to phase out policies or investments that currently violate those parameters by 2023.
Read more: https://apnews.com/27220c4323fd097b2d1380b0ab1fd35c
The Hartford Named One Of Worlds Most Ethical Companies For 11th Time By Ethisphere
February 26, 2019
https://www.businesswire.com/news/home/20190226005114/en/Hartford-Named-%E2%80%98World%E2%80%99s-Ethical-Companies%E2%80%99-11th-Time
Massacure
(7,526 posts)hedda_foil
(16,375 posts)Massacure
(7,526 posts)If you are a receiving money from The Hartford, something probably seriously went wrong and there isn't an expectation that you will be paying them back.
lagomorph777
(30,613 posts)when the dam finally breaks open and massive lawsuits flood in, resulting from decades of climate cover-up.
TexasTowelie
(112,453 posts)cstanleytech
(26,320 posts)for more efficient and safer nuclear power.