Finance

Lloyd's of London sets timeline for partial exit from fossil fuel market

World’s leading insurance platform will end investments in oil sands, new Arctic energy exploration, thermal coal-fired power plants and thermal coal mines in 2022, and phase out insurance for these assets in 2030

Exit strategy: Insure Our Future activist outside the Lloyd's of London building in the UK, earlier this year
Exit strategy: Insure Our Future activist outside the Lloyd's of London building in the UK, earlier this yearPhoto: REUTERS/SCANPIX
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Published 17 December 2020, 19:24Updated 4 January 2021, 15:09