UK and US insurers are lagging far behind European firms when it comes to divesting from coal-heavy businesses and refusing to insure them, campaigners have warned. At least 19 major insurers holding more than $6tn in assets – a fifth of the industry’s global assets – have now divested from coal, according to a report from the Unfriend Coal campaign, which represents a coalition of a dozen environmental groups including Greenpeace, 350.org and the Sierra Club.
Guardian 3rd Dec 2018 read more »
Royal Dutch Shell will bow to the mounting climate concerns of shareholders by anchoring the pay packets of its top bosses to tougher carbon emission targets. The Anglo-Dutch energy giant will be the first major oil company to embed climate change targets in its executive pay policy, subject to a shareholder vote in 2020. Under the plan, the board will set three to five year targets to shrink the group’s carbon footprint every year, and judge the success of these goals when setting the bonus pay of its top brass.
Telegraph 3rd Dec 2018 read more »
Times 4th Dec 2018 read more »