Top 10 US insurance companies invest $51 billion in fossil fuels

“As a U.N. panel finds the world is losing the war with global warming and urgent action is needed, U.S. insurance companies have reported holding more than $50.9 billion in fossil fuel investments that exacerbate climate change, according to reporting to national insurance regulators.

Consumer Watchdog’s review of public filings reveals nine of the 10 largest American insurance companies have considered the impact of climate change on their investments, but only two, AIG and Farmers, say that they have altered their investment strategy in response.”

Click here to read more from YubaNet.

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