Lloyd's of London to withdraw from the coal industry

LloydLloyd's of London will no longer ensure new projects dealing with coal, oil sands and arctic energy as of 1 January 2022. This decision was made in response to a great deal of pressure from environmental activists.

By 2025, the British market will no longer invest in companies that derive 30% or more of their income from the exploitation of this fossil fuel. Lloyd's is planning to withdraw entirely from the industry by 2030.

Read also | Insurers and reinsurers withdraw from the coal industry

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