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 | ×
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.