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Insurance giant stops covering firms that depend on coal
The elimination of coal power isn't just good for the environment... it's quickly becoming good for the corporate bottom line. Insurance giant Swiss Re has enacted a policy that refuses coverage to any company that either generates 30 percent or more of its revenue from coal power, or uses at least 30 percent coal power to run its operations. Swiss Re touted the move as reflecting its commitment to limiting global warming (it made a pledge in 2015 alongside the Paris climate accord), but it also casts this as a shrewd business move.
