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Insurance companies are financing oil and gas—even as climate change is pummeling their bottom line

"Fossil fuel companies made up 4.4% of the investment portfolio of the #insurance industry in 2023, up from 3.8% nine years earlier. Two insurance giants, Berkshire Hathaway and State Farm, increased their fossil fuel positions by around $200 billion in that period."

https://www.fastcompany.com/91268510/insurance-companies-are-financing-oil-and-gas-even-as-climate-change-is-pummeling-their-bottom-line