• Allianz to stop insuring coal plants, phase out investments

    17 days ago - By Chron

    BERLIN - Allianz says it will stop insuring coal-fired power plants and coal mines as part of its contribution to combating climate change.
    Europe's biggest insurer says it's also set itself a goal of phasing out investments in coal companies and increasing its use of renewable energy by 2040.
    Munich-based Allianz said Friday it wants to make the 2015 Paris climate accord's goal of keeping global warming below 2 degrees Celsius a target in all of its business activities.
    The company, which manages investments totaling some 2 trillion euros , pledged three years ago to stop investing in...
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