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.
French hydropower firm CNR, anticipating the impact of climate change and the possible disappearance of glaciers in the Swiss Alps, plans to sharply increase its solar and wind capacity to compensate for lower water levels on the Rhone river.
