Climate-Induced Infrastructure Insurance Divestment
“Why are some insurance companies divesting from carbon-intensive projects?”
Major infrastructure projects often need insurance to ensure stakeholders that their money is safe. However, some of these activities such as new power plants or gas pipelines are making the planet less safe due to their carbon-intensive nature. As a result, some insurance companies such as Chubb are limiting the amount of non-sustainable projects that they invest in. This Climate-Induced Infrastructure Insurance Divestment is growing exponentially at both the grassroots and systematic level. If you would like to help take action, check out what 350 Colorado has to say.