AIG to end support for new coal, tar sands, and Arctic drilling as it extends net zero goals

James Murray
clock • 3 min read
AIG to end support for new coal, tar sands, and Arctic drilling as it extends net zero goals

US insurance giant becomes latest firm to tighten investment policies in bid to deliver on its net zero emission goals

Insurance giant AIG has this week announced a commitment to achieving a net zero emission underwriting and investment portfolio by 2050 at the latest, alongside moves to restrict its support for the most...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

BSI launches net zero transition planning framework for banks and financial institutions

BSI launches net zero transition planning framework for banks and financial institutions

ISO 32212 to provides banks, insurers, asset managers, and asset owners with guidance on how to translate climate ambition into action

Stuart Stone
clock 04 June 2026 • 3 min read
'World first': Ecobank nature bond raises $450m for biodiversity projects in Africa

'World first': Ecobank nature bond raises $450m for biodiversity projects in Africa

Strong investor demand sees Nature Bond secure $1.36bn orderbook to support sustainable farming and water ecosystem projects across 24 African markets

Michael Holder
clock 03 June 2026 • 2 min read
Nest commits £200m to climate technologies through IFM partnership

Nest commits £200m to climate technologies through IFM partnership

Scheme claims investment will builds on its ambition to increase its private markets allocation to 30 per cent

Holly Roach, Professional Pensions
clock 03 June 2026 • 2 min read