Willis’ Knight warns of ESG-driven capacity withdrawal ‘contagion’
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Willis’ Knight warns of ESG-driven capacity withdrawal ‘contagion’

Anna Sagar
09 April 2021
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Wind turbine with coal power plant view from drone.jpg

Capacity withdrawal from fossil fuel sectors like coal, oil sand and Arctic drilling will be a “contagion” that will seep into the wider insurance marketplace as environmental, social, and corporate governance (ESG) climbs insurers’ agendas, according to Willis Towers Watson’s global natural resources head Graham Knight.

Speaking to this publication following the publication of the broker’s annual Energy Market Review, Knight said that he expected further development in the capacity shift away from certain risks but said that “walking away” was not conducive to a...

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