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Coal Projects Finding It Hard to Obtain Insurance Cover

October 28, 2022 at 10:13 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

A new report has found that projects featuring coal outside China are becoming uninsurable. This is because insurance companies have stopped underwriting the project. The latest industry scorecard by Insure Our Future shows that commitments to stop insuring coal by major insurers such as Travelers and AIG have reduced the number of insurance exit policies for coal to 41.

This scorecard rates the major fossil fuel insurers around the globe based on the quality of their exclusion policies for fossil fuel. It shows that…

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