Wall Street's climate concerns create cloud of financial uncertainty for North Dakota coal country
Insurance premiums that coal plants and mines pay for property and casualty insurance have risen anywhere from 20% to 100%, and the number of major insurance companies willing to cover the industry has dwindled to five or 10.
Written By: Patrick Springer
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A dragline excavator is seen in May at the Falkirk Mine near Underwood, N.D. Michael Vosburg / Forum Photo Editor
BISMARCK — A growing movement on Wall Street to shun investments in fossil fuels because of climate concerns is driving up insurance costs and sparking alarm in North Dakota coal country.