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US insurer Chubb pulls back from coal

US insurer Chubb pulls back from coal

Chubb Ltd will become the first U.S. insurer to phase out its coal investments and insurance policies, saying on Monday it will no longer sell insurance to or invest in companies that make more than 30% of their revenue from coal mining.

EU issues green investment guide to help combat climate change

EU issues green investment guide to help combat climate change

The European Commission sought to boost the flow of private money to tackle climate change on Tuesday by publishing guidelines on what qualifies as environmentally friendly investment, in a move welcomed by the financial industry.

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