Lloyds of London, the world’s oldest insurance market, has announced their plans to stop investing in coal. It will begin to exclude coal from its investment strategy from 1st April 2018. This follows on the heels of other UK and European insurance companies who have begun moving away from fossil fuels, including Allianz, Axa and Zurich.
Lloyds of London announces plans to stop investing in coal
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- Topic: Climate changeEconomy & businessEnergyFinance
- Other Tags: 1.5ºC ChallengeCarbonClimate EconomicsDivestmentEconomyEnergy