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Insurance Companies’ Fossil Fuel Investments a ‘Potential $459 Billion Liability’

Insurance Companies’ Fossil Fuel Investments a ‘Potential $459 Billion Liability’

The insurance industry’s massive investments in fossil fuel companies — to the tune of $459 billion — represents a risky bet as demand for coal, oil and gas drops and renewable energy gains momentum, according to a Ceres report released yesterday. Insurance groups Ameriprise (12.4 percent), Lincoln National (11.8 percent) … Read more »