The international fossil fuel divestment movement has been growing steadily, ahead of the U.N. Climate Summit in Paris later this year. The most recent announcement comes from French insurance giant Axa, who is slated to sell $559 million of its coal investments, while having committed over $3 billion to triple its “green investment footprint” by 2020. The reason? Climate change. Axa paid out over $1 billion in weather-related insurance claims last year, making climate risk a “core business issue” for the insurance company. Meanwhile, coal has the highest carbon content among fossil fuels. Could the finance industry be in the process of shifting before our eyes?
Divestment from coal is good business for French insurance giant Axa
More of Today's Solutions
Study shows cutting screen time lowers risk of death
We already know that too much screen time can affect everything from sleep quality to creativity, but a study from the University of Glasgow ...
Read MoreBored in quarantine? Try translating your cat’s meows with this app
Cats like to meow loudly at us when they want something, but deciphering what exactly they want isn’t always an easy task. If you’re ...
Read MoreArtificial photosynthesis helps plants grow with no sunlight required
Plants use a special natural process called photosynthesis to grow, mature, flower, and produce fruit. Photosynthesis is the way in which plants absorb energy ...
Read MoreCommon weight loss drug may be the solution we’ve been waiting for in c...
A revolutionary study presented at the European Congress of Obesity (ECO) reveals that semaglutide, which is found in popular weight loss drugs like Wegovy ...
Read More
