California Urges Complicated Coal Divestment

HFA Padded
Guest Post
Published on
Updated on
Coal Divestment California

California Urges Complicated Coal Divestment By Tom Gray, Lauren Kline & Frank Nash – FactSet Earlier this year, California’s Insurance Commissioner Dave Jones requested that insurance companies in the state ramp down their investment in thermal coal. Under the proposal, California-based insurers with written premiums over $100 million nationwide (and those managing their assets) were asked to divest in any company that generated 30% or more of its revenue from the ownership, exploration, mining, or refinement of thermal coal. While the “Climate Risk Carbon Initiative” does not carry monetary penalties, insurance companies’ choice to comply (or not comply) was publicly…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

If you are interested in contributing to ValueWalk on a regular or one time basis read this post http://www.valuewalk.com/guest-posts-hedge-fund-letters/ We do not accept any outside posts or even ads on penny stocks, ICOs, cryptos, forex, binary options and related products.