In June, E2 NorCal heard from California Insurance Commissioner Dave Jones about his Carbon Risk Climate Initiative – his work to have insurance companies disclose their investments in coal, and voluntarily divest. He is working with individual insurance companies to help them understand their investment exposures by over-utilizing fossil fuel and other climate-risky investments.
Our lunch with the Commissioner proved to be fortuitous timing, as he is now under pressure from other states' attorneys general, Governors, and insurance commissioner to cease this move towards disclosure & voluntary divestments. E2 is advocating to retain Commissioner Jones's authority and educating legislative leaders about the importance of his work.