Tuesday, August 30, 2016

Majors Insurers With $1.2 Trillion In Assets Urge G20 Leaders To Phase Out Fossil Fuel Subsidies

epa04736229 (FILE) The sun sets behind a smoking chimney in Wismar, Germany, 31 October 2015. Global carbon dioxide concentrations surpassed 400 parts per million in March 2015 for the first time since tracking began, a US government agency announced on 06 May 2015. The rise is largely attributed to humans burning fossil fuels, said the US National Oceanic and Atmospheric Administration (NOAA). Since pre-industrial times, global carbon dioxide concentrations have risen more than 120 parts per million, with half of that rise occurring since 1980. Carbon dioxide emissions are used as one indicator of climate change. EPA/DANIEL REINHARDT

Three major insurers with more than $1.2 trillion in assets under management have urged G20 governments to commit to phasing out fossil fuel subsidies. In a joint statement published by the Overseas Development Institute (ODI), major insurance companies Aviva, Aegon NV, and MS Amlin have urged governments to commit to phasing out fossil fuel subsidies by [&hellip

Majors Insurers With $1.2 Trillion In Assets Urge G20 Leaders To Phase Out Fossil Fuel Subsidies was originally published on CleanTechnica.

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