Zurich Insurance Divests from Oil Sands

Zurich Insurance Divests from Oil Sands

One of the world’s largest insurance companies is walking away from the oilsands sector.

Saying it will no longer underwrite companies that rely on profits from “the most carbon intensive” fossil fuels on the planet, Zurich Insurance Group on Tuesday signed on to a United Nations-backed pledge that aligns businesses with the Paris Agreement goal of halting global temperature rise to 1.5 C above pre-industrial levels.

See Full Story at National Observer

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