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The cool thing is that private insurers invest heavily in fossil fuel. https://consumerwatchdog.org/insurance/top-10-us-insurance-companies-invest-51-billion-f
by ksynwa 2y ago
The cool thing is that private insurers invest heavily in fossil fuel.
https://consumerwatchdog.org/insurance/top-10-us-insurance-companies-invest-51-billion-fossil-fuels/ https://consumerwatchdog.org/insurance/top-10-us-insurance-c...
- ttyprintk 2y agoProperty insurers are even more intense about it than life and business insurers. Berkshire Hathaway and State Farm Insurance are each something like $100B in fossil fuels.
- epoxia 2y agoIsn't that just how they hedge bets? Their performance is correlated with the claims they receive. If fossil fuels perform poorly -> less environmental damage -> less claims. And vice versa
- infecto 2y agoUnfortunately this article is a miss as it does not compare those investments to their entire portfolio size. Renewables have made great strides but the world still runs on the backs of fossil fuels.