Lloyd’s of London to divest from coal over climate change

Kellingley Colliery, once considered one of the most successful coal mines in the UK, was shut down in 2015. (Image from ITV News | Creative Commons.)

Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies. Lloyd’s will start to exclude coal from its investment strategy from 1 April. The definition of what is a coal company and the criteria for divestment will be set over the coming months.

Read more 

8 0

More Coal News