AIG announced several commitments on Tuesday in line with an overall plan “to achieve Net Zero greenhouse gas (GHG) emissions across its global underwriting and investment portfolios by 2050, or sooner.” Along with other pledges, AIG said it will no longer invest in or provide insurance for any new energy exploration activities in the Arctic. As the first major U.S. insurance company to make such an announcement, AIG joins the six largest banks in the United States and Canada’s five largest banks in declining to help oil and gas companies do business in the Arctic.
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