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Are you ruled by fear?

Are you ruled by fear?
renewamerica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewamerica.com Daily Mail and Mail on Sunday newspapers.

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Lloyd's Moves to End Insurance and Investments in Coal for Climate Sustainability

Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022.
As part of its plan to accelerate the transition to a more sustainable insurance and reinsurance marketplace, Lloyd’s has developed a market-wide strategy that aims to align with the United Nations’ Sustainable Development Goals and supports the principles included in the Paris Agreement on climate (which marked its fifth anniversary in December 2020).
A major part of its sustainability strategy is to ask Lloyd’s managing agents to phase out new insurance cover for thermal coal-fired power plants, thermal coal mines, oil sands or new Arctic energy exploration activities from Jan. 1, 2022. The strategy also includes ending new investments in these areas by Lloyd’s market participants and by the Corporation ....

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