European Investment Bank to cease funding fossil fuel projects by…


 After coal EIB - the biggest multinational development bank in the world - adopts an EPS of 250g/kWh and decides to end all finance for fossil fuel projects since 2021...

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Climate Change Is Hitting the Insurance Industry Hard. Here’s How…


Major investigation on the world's biggest reinsurer uses our reinsurance research: "However small the sums involved may be, Swiss Re’s moves have struck both fans and foes as a big...

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While nothing really revolutionary good that main Polish dailies start…


Gazeta Wyborcza - one of the largest Polish newspapers published an article about the biggest Polish bank PKO BP and its role in financing the construction of Ostrołęka C coal...

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The role of reinsurance companies in the climate emergency


Baden-Baden: insurers and reinsurers renew their contracts. Also those causing climate chaos. Unfriend Coal called on Lloyds of London and Talanx not to renew treaty reinsurance for PZU Group in...

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AXIS Capital becomes first U.S. insurer to restrict both coal…


AXIS CAPITAL BECOMES FIRST U.S. INSURER TO RESTRICT BOTH COAL AND TAR SANDS The first specialty insurer and reinsurer from the Lloyd’s market has restricted coal underwriting and reinsurance. Others will...

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Firms ignoring climate crisis will go bankrupt, says Mark Carney


Governor of the Bank of England Mark Carney says firms that will ignore climate change will go bankrupt. Does PZU, PGE, Energa, Enea, ZE PAK share this opinion?   Firms ignoring climate...

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IEEFA update: Poland’s PGE should ditch plans for new lignite…


According to the report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) the open pit Złoczew makes no sense. PGE should ditch plans for it. In...

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Greece and Hungary to phase out coal-fired electricity


Berlin, 24 September 2019 – The Greek Prime Minister and Hungarian President have just announced that their countries will phase out all coal-powered electricity production by 2028 and 2030 respectively, paving...

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Capacity shrinks as insurers pressured to make coal uninsurable


Coal mining risks are getting harder and more expensive to insure. Planning new hard coal and lignite mines such as Złoczew open-pit mines planned by PGE in such circumstances is...

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