French insurer AXA vows to stop insuring fossil fuel-dependant companies

Tue, 3 Dec 2019 06:23:28 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.euractiv.com/section/energy-environment/news/french-insurer-axa-vows-to-stop-insuring-fossil-fuel-dependant-companies/>

"AXA announced on Wednesday (27 November) it would no longer insure
companies that are too dependent on fossil fuels, as part of its coal
phase-out strategy. It plans to do so for EU and OECD countries by 2030
and for the rest of the world by 2040."

Via Glyn Moody, who wrote "every fossil-fuel related company will become
an economic pariah; get your money out while you can #climatecrisis"

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics

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