A.J. Gallagher's 'clean coal' business draws ire of green investors [Reuters]
MSCI Inc (MSCI)
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Source: Reuters
A.J. Gallagher's 'clean coal' business draws ire of green investors BOSTON (Reuters) - Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”. A.J. Gallagher ( AJG.N A.J. Gallagher has accumulated about $850 million worth of U.S. government tax credits from the business. But many utilities burning the coal have pumped out more smog, not less, over the past decade and the chemicals have contributed to elevated carcinogens in downstream drinking water supplied to more than 1 million people, according to the Reuters Special Report. Now, the Green Century Funds and Calvert Funds - which include A.J. Gallagher in their portfolios based on its record as an insurance firm, not a coal supplier - said they will review the company’s green credentials. Green Century and Calvert are two of nation’s leading money managers focused on corpor
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MSCI
Earnings
- 1/30/24 - Beat
MSCI
Sec Filings
- 3/13/24 - Form 4
- 3/13/24 - Form 3
- 3/13/24 - Form DEFA14A
- MSCI's page on the SEC website