California insurance regulator forces $4bn asset sale

As part of a wider assault on climate change, California
Insurance Commissioner Dave Jones has claimed responsibility for
forcing a $4bn selldown in fossil-fuel related assets by some
insurers.
In January 2016, Jones announced a data call requiring all
carriers taking in more than $100mn in premium with business in
California to disclose their investments in fossil fuels, including
utilities that rely on oil, gas and coal. The disclosures are to be
done annually.
Jones also asked all insurers op