Remarkably, most major carriers still support fossil fuel production, knowing full well that their actions will hasten the demise of their own industry and so much else. Kousky thinks there’s “a collective action problem” at work. “Like, if one insurer gives up that profitable business, then that fossil fuel company will go to the insurer who doesn’t care,” she explained. “Unless you can somehow get all of the companies to agree to withhold insurance and all the banks to withhold financing, which is just a really difficult problem when you can make a ton of money off it,” she added, “it’s not going to happen.”

That’s called a “market failure.” Fixing that kind of problem is what government is for, at least when it hasn’t been fucking sabotaged and dismantled by those same grifters!