There is resistance in the industry against insurers who want to impose their environmental regulations on industry. The insurers argue that insuring coal or oil is simply not cost-effective.
Are insurers a kind of environmental police? This is the suspicion of some business managers. Industrial insurers do not want to insure anything that has to do with coal and oil, and they demand proof that their customers comply with the so-called ESG rules for ecological and social behavior and good corporate governance. Instead of supporting companies in the transformation process towards climate neutrality, they simply do not provide insurance cover, so the accusation goes.