Now on the one hand, I expect the "certain actions" required by the insurers would be extremely limited. But on the other hand, the first exclusion I would put in if I were the insurers' lawyer is "if the corporation lies about climate change, all subsequent legal liability for climate change will be born by the company or by its individual directors." The correlation between this imminent change in liability insurance, which Exxon must know about, and Exxon's recent change from denying climate change to accepting it (at least overtly, I won't exclude some circuitous funding of denialism), is interesting.
I'd guess that a giant company like ExxonMobil would be self-insuring, but maybe conflicts-of-interest policies limit their ability to protect their directors, especially from shareholder lawsuits that might ultimately come about.
Other notes from the meeting:
Liability insurance spends tens of billions of dollars in vehicular accident payouts, and those are weather-related (negligence in bad weather is more likely to cause an accident than in good weather). Insurers are concerned about bad weather from climate change.
A Texas lawyer argued that TXU's proposal for eleven massive coal plants wasn't done despite CO2 emissions, but because of CO2 emissions. If they have lots of CO2 emissions in place when regulations eventually come to
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