Swiss Re cuts fossil fuel cover for oil, gas to protect climate
The company also said it will no longer insure companies or projects with more than 10 percent of their production in the Arctic, except for Norwegian producers.
March 18, 2022
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LONDON — Swiss Re, the world’s second biggest reinsurer said it would no longer insure most new oil and gas projects following mounting pressure on big business to do more to help the world cap global warming.
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