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German Financial Service Giant Abandoning Coal by 2040 (Int'l)
German Allianz AG
Date: 2018-05-07
Munich, Germany-headquartered asset management and financial service giant Allianz AG reports it will no longer offer its insurance services to, or invest its capital in, the coal industry. The company plans to complete its exit from coal completely by 2040.

The move is reportedly in response to the 2015 Paris Climate Accord and a transition away from high carbon energy generation technologies and to limit the effects of man-made climate change to a 2 degree C increase in average global temperatures. (Source: German Allianz AG, MENAFN, 6 May, 2018) Contact: German Allianz AG, +49 89 38000, www.allianz.com

More Low-Carbon Energy News German Allianz AG,  Coak,  

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