Posted on 12/20/2019 11:48:11 AM PST by Leaning Right
Hartford Financial Services Group Inc. said Friday that it will no longer insure or invest in companies that generate more than 25% of their revenue from thermal coal mining, or more than 25% of their energy production from coal.
*snip*
"The world needs affordable, accessible energy to support global economic progress and, at the same time, action is needed to mitigate the impact such activity has on our climate," said Chief Executive Christopher Swift.
(Excerpt) Read more at marketwatch.com ...
But they’ll insure transgender surgery I’ll bet.
This is utter madness and smacks of outright fascism.
The market will fill the void.
That’s all right there are other companies that would be delighted to HiAce tis business. Stock holders may want to rethink the people they have running the company.
All those companies need to immediately remove Hartford from their retirement holdings.
Somebody will insure them....Let the idiots preclude business, it only hurts their company and their stockholders.
Another woke to broke story line.
Would be great if one of those companies were the electric supplier for any Hartford office building - and cut off their power.
> The market will fill the void. <
That’s true. But when a big company like Hartford leaves the business, the remaining companies are often motivated to charge a bit more. So I suppose this will hurt the coal companies to some extent.
Our society has become permeated with this sort of
socialist termite. California is another good example.
This is typical communist manipulation as practiced
since 1917.
And the backlash if we really are entering a grand solar minimum will be what?
> Would be great if one of those companies were the electric supplier for any Hartford office building - and cut off their power. <
Excellent comment. But wait. If Hartford CEO Christopher Swift is really serious about Climate Change, he should voluntarily cut off power to every Hartford office that is not powered 100% by green energy.
Great news for insurance companies other than Hartford.
Yes! Erect wind turbines and cover their roofs with solar cells.
Then spend their next 10 years profits on equipping the building with enough batteries to run their business.
Come on, Chris - show us the way! Lead by example!
“And the backlash if we really are entering a grand solar minimum will be what?”
Doubled energy prices to all Hartford-related buildings.
> This is utter madness and smacks of outright fascism. <
Agreed. If this sort of behavior had to be described in one word, that one word would be “fascist”.
Liberals from long ago: “It’s a free country.”
Today’s liberals: “You must believe in everything I believe. Otherwise I will punish you.”
My guess is that it is virtue signaling and they have few if any clients in that market anyway. If they were serious, why 25%, not 0%? Why not stop insuring automakers or even automobiles that run off of anything that requires fossil fuels (including electric cars). All a bunch of BS until they are all in.
Communists hijacked the term “liberal”
I would love to see the day when I can call myself a “liberal”, as in “classic liberal”.
What business is this of an insurance company ? Shareholders should put a stop to such improvident use of their assets as to pursue management’s private political bs
Once Wallace Stevens was an executive at the Hartford headquarters. Here is a line he wrote:
‘’One cannot spend one’s time in being modern when there are so many more important things to be.’’
“Adagia” in the book Opus Posthumous, (1959).
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Being so modern will hopefully run it course and the Chick Fil-A ,Nike and Hallmark TV virtue signaling will no longer be worthwhile to them. We have to give them pain financially.
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