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Insurers Can Afford to Drop Oil and Gas—But Many Won’t

A new analysis from Societe Generale shows that covering the biggest perpetrators of global warming is also bad for business. 

Ruptured Pipeline Spills Oil Along Santa Barbara Coast
Photographer: David McNew/Getty Images North America

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For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry.