“This is consistent with our role to financially protect assets and people, to enable recovery from extreme weather events and other risks, and to support economic activity for the communities in which we operate.” GE 's QBE will the first company of Europe to stop selling insurance for thermal coal mines , power stations or transport infrastructure from 1 June 2019 , in a bid to end all direct services , apart from statutory or compulsory insurance , for thermal coal customers by 1 January 2030 . It said it would continue to both insure and invest in metallurgical coal , as well as the oil and gas industry . The decision is part of the company 's 2018 Climate Change Action Plan , and follows similar decisions taken by Swiss Re , Munich Re , Siemens , AXA and Zurich .
GE 's QBE will the first company of Europe to stop selling insurance for thermal coal mines , power stations or transport infrastructure from 1 June 2019 , in a bid to end all direct services , apart from statutory or compulsory insurance , for thermal coal customers by 1 January 2030 . It said it would continue to both insure and invest in metallurgical coal , as well as the oil and gas industry . The decision is part of the company 's 2018 Climate Change Action Plan , and follows similar decisions taken by Swiss Re , Munich Re , Siemens , AXA and Zurich .