"Insurers to G-20: Stop Fossil Fuel Subsidies," 2 Sept 2016

…In an open letter sent to G-20 leaders, insurance companies and other financial institutions channeled last year’s COP21 talks in Paris to urge a quicker transition to a clean-energy, low-carbon economy...They also put pressure on the G20 to finalize the Paris agreement, double the world’s investment in renewables by 2020 and behoove financial regulators to mandate climate-related disclosures...Three large multinational insurers — Aviva and MS Amlin…and…Aegon — have been particularly outspoken with pushing this declaration…Aegon says such commitments to confronting climate change risks are necessary…and will motivate the company to increase investments in renewables…Earlier this year, Aegon…announced that it would no longer invest in companies that generate more than 30 percent of their revenue from the sales of thermal coal...Aviva…reduced its carbon emissions by almost 40 percent since 2010, and cut its employees’ air travel…Renewable power also provides over 60 percent of the company’s electricity needs…