{"id":303740,"date":"2019-12-02T11:00:58","date_gmt":"2019-12-02T05:30:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303740"},"modified":"2019-12-02T11:00:58","modified_gmt":"2019-12-02T05:30:58","slug":"policy-shift-insurers-blacklist-coal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/policy-shift-insurers-blacklist-coal\/","title":{"rendered":"Policy shift: Insurers blacklist coal"},"content":{"rendered":"<p>The number of insurers turning their backs on coal more than doubled in 2019, activist groups said on Monday, sapping the viability of projects using the highly-polluting fuel. Coal exit policies have been announced by 17 of the world\u2019s biggest insurers controlling 46 percent of the reinsurance market and 9.5 per cent of the primary insurance market, said the Unfriend Coal campaign, a coalition of environmental groups, as it released its third scorecard on the sector. \u201cThis action is having a tangible impact,\u201d it said, citing brokers as saying that costs are increasing to insure coal facilities with certain projects already being unable to obtain any coverage.<\/p>\n<p>Increasing operating costs put coal \u2014 the dirtiest fossil fuel and biggest single contributor to human-made climate change \u2014 at a commercial disadvantage. An inability to buy coverage makes it impossible to raise finance for new projects. The report pointed to the struggle the Indian group Adani has had to find insurance t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of insurers turning their backs on coal more than doubled in 2019, activist groups said on Monday, sapping the viability of projects using the highly-polluting fuel. Coal exit policies have been announced by 17 of the world\u2019s biggest insurers controlling 46 percent of the reinsurance market and 9.5 per cent of the primary insurance market, said the Unfriend Coal campaign, a coalition of environmental groups, as it released its third scorecard on the sector. \u201cThis action is having a tangible impact,\u201d it said, citing brokers as saying that costs are increasing to insure coal facilities with certain projects [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-303740","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=303740"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303740\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}