View or download a PDF of the letter here
AFREF and Public Citizen were joined by 38 organizations in a comment letter to the California Air Resources Board, urging the Board to close a loophole that would allow insurance companies across the state to skirt emissions reporting requirements. “Insurers are among the leading institutional investors in fossil fuels, investing approximately $580 billion in coal, oil, and gas in 2019 alone,” the groups write in the letter. “The burning of fossil fuels is the primary cause of climate change, which means insurers’ investments are contributing to the extreme weather events that are driving up costs for consumers. Simply put, it is in the public interest for California stakeholders to have more information about insurance companies’ impact on the climate and their progress towards their stated climate goals.”
Photo courtesy of Peter Buschmann, United States Forest Service, USDA.
February 9, 2026