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Insurance companies taking too big a risk on fossil fuels, report says

2016-05-24 22:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The US insurance industry, the countrys second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability, according to a report released Tuesday. The report, funded by Ceres, a Boston-based sustainability advocacy group, analyzes investment data from the countrys 40 largest insurance companies, including Prudential, AIG, Metlife, State Farm and Allstate. The report doesnt quantify the potential...

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