U.S. INSURERS HOLD HALF TRILLION IN FOSSIL FUEL ASSETS

The nation's top insurers hold at least half a trillion dollars in fossil fuel investments that could become financially risky amid tightening carbon controls, a Ceres analysis finds.

  • The vast majority of insurers' fossil fuel investments are in oil and gas and utilities.

  • Insurers with higher-than-average investments in these sectors include Ameriprise, John Hancock, Lincoln National, Pacific Life and Voya Financial.

  • Insurance companies' coal holdings are dwarfed in comparison.

Andrea Vittorio digs into the issue for Bloomberg BNA subscribers in U.S. Insurers Hold Half Trillion in Fossil Fuel Assets.
fossil fuel investments graphic