Insurers' Increasing Investments in Fossil Fuels
In a surprising turn of events, State Farm and Berkshire Hathaway have increased their investments in fossil fuels, diverging from the current trend of insurers reducing exposure to this sector. In 2023 alone, Berkshire Hathaway has notably invested $39.9 billion in fossil fuel stocks and bonds, highlighting a strategic choice that stands out in the industry.
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