Good Business: Uninsurable Coal

Inside: Some BP oil may never "see the light of day." These national leaders led hot-air production in 2018. Junk debt goes green. Chubb is done with coal and Bank of America is done with private prisons. A skier's guide to climate change (Hint: Go now). — Eric Roston and Emily Chasan

Insurer Chubb said it will stop underwriting coal. Saying it recognizes the reality of climate change, Chubb will no longer underwrite policies for construction or operation of new coal-fired plants and it will stop making new debt or equity investments in companies that derive more than 30% of their revenue from coal-mining or energy production from coal.