"’We also stopped insuring projects to build coal-fired power plants or any operation for oil sands mining and associated pipelines.–Thomas Buberly, chief executive of AXA.”
[COMMENTARY]The Canadian and US governments have big pipeline projects involving oil sands’ products. Will this shift to avoiding such insurances become the industry norm and affect the development of these projects? Will it make these projects even more expensive? Will governments become the sole insurer of new oil pipelines? Investors have to begin to ask these questions.
Europe’s Largest Insurers Move To Limit Coal And CO2-Related Risks, by Ken Silverstein, December 7, 2018, Forbes, USA.