The international fossil fuel divestment movement has been growing steadily, ahead of the U.N. Climate Summit in Paris later this year. The most recent announcement comes from French insurance giant Axa, who is slated to sell $559 million of its coal investments, while having committed over $3 billion to triple its “green investment footprint” by 2020. The reason? Climate change. Axa paid out over $1 billion in weather-related insurance claims last year, making climate risk a “core business issue” for the insurance company. Meanwhile, coal has the highest carbon content among fossil fuels. Could the finance industry be in the process of shifting before our eyes?
Divestment from coal is good business for French insurance giant Axa
More of Today's Solutions
Fearless hearts: more than 50 Taylor Swift songs are perfect for life-saving CPR
BY THE OPTIMIST DAILY EDITORIAL TEAM In a remarkable marriage of pop culture and medical science, Monash University's Victorian Heart Institute researchers revealed that ...
Read MoreGoodwill’s new store inside the Silicon Valley Jail offers hope and job...
BY THE OPTIMIST DAILY EDITORIAL TEAM Goodwill of Silicon Valley started an innovative venture by launching its first store inside Milpitas' Elmwood Correctional Facility. ...
Read MoreHow to shake off a stranger’s bad vibes
BY THE OPTIMIST DAILY EDITORIAL TEAM It happens to the best of us: you're out in the world, going about your business, and a ...
Read MoreRevolutionizing humanitarian aid with ingenious cardboard bed design
Humanity is confronted with an unprecedented situation. The number of forcibly displaced people on Earth will have surpassed 100 million by 2022, a shocking ...
Read More
