Global Insurer To Cover Carbon Capture Risk

By Erin Fuchs

Law360, New York (January 21, 2009, 12:00 AM ET) -- A global property and casualty insurance provider has launched a plan to cover liability for carbon capture and storage, amid new concerns that technology addressing climate change poses risks to energy providers.

On Monday, Zurich Financial Services Group announced the availability of liability and financial assurance policies for carbon capture and sequestration, or CCS. That technology injects carbon dioxide from coal power plants or other facilities directly into underground rock formations for long-term storage to prevent its release into the atmosphere.

The insurer said the coverage...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles