Today: July 23, 2024
Today: July 23, 2024

Canada insurers investing in fossil fuels as climate risks grow, shareholder group says

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FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton
July 10, 2024
Reuters

TORONTO (Reuters) -Canada's top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report by a shareholder advocacy group.

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