Some Risks Too Big: Insurers Withdraw from Fossil-Fuel Projects

Insurance is the "Achilles heel" of the fossil-fuel industry, with the power to drive climate change progress, because projects are unlikely to attract capital if they can't get insurance.

By Frank Jordans | October 20, 2022 at 08:03 AM

Stock photo: oil well (Photo: Adobe Stock)

Insurance companies that have long said they'll cover anything, at the right price, are increasingly ruling out fossil-fuel projects because of climate change—to cheers from environmental campaigners.

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2 Trudeau Government Has Likely Blown Past Fiscal Anchor

3 Yields on New China Dollar Bonds Fall Below Treasuries in Debut

4 ‘Rates Will Be a Lot Lower’ in 12 to 18 Months

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Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Trudeau Government Has Likely Blown Past Fiscal Anchor

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

By Ameya Karve, Finbarr Flynn and Lorretta Chen | November 18, 2024

Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Yields on New China Dollar Bonds Fall Below Treasuries in Debut

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

By Catarina Saraiva and Laura Curtis | November 18, 2024

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

‘Rates Will Be a Lot Lower’ in 12 to 18 Months

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