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
NYC schools issue the country’s broadest AI ban, covering pre-K through...
BY THE OPTIMIST DAILY EDITORIAL TEAM New York City Public Schools, the nation's largest school district, is banning generative AI for all students in ...
Read MoreNew heart attack guidelines correct decades of under-diagnosis in women
BY THE OPTIMIST DAILY EDITORIAL TEAM The world's four leading cardiovascular health organizations just agreed on a universal heart attack definition for the first ...
Read MoreHubble takes beautiful image of galaxies “dancing”
The Hubble Space Telescope ventured into space over three decades ago in 1990, and has observed around 50,000 celestial bodies to date. During this ...
Read MoreFinland’s free contraception initiative reduces teen abortions by 66%
Finland's multifaceted approach to preventing teenage abortions has proven highly effective, with a 66 percent reduction reported between 2000 and 2023. This large drop, ...
Read More
