The insurance industry found itself in the spotlight last week as a Global Week of Action blossomed across the world. From February 27th to March 3rd 2024, a wave of protests, both online and in the streets, swept through the doors of insurance giants, demanding accountability over their support for polluters and decisive action on climate change.
After months of campaigning, five more major insurance companies have announced they will not support the East African Crude Oil Pipeline (EACOP)!
Today’s global actions focused specifically on the state-owned China Export & Credit Insurance Corporation (Sinosure), the Export-Import Bank of China (China Exim), and the Industrial and Commercial Bank of China (ICBC). Sinosure is said to be in advanced talks with the Ugandan government about providing credit for the project.
On 18th October dozens of protesters staged a sit-in occupation of the plush City of London offices of ten Lloyd’s of London insurers demanding they rule out insuring the proposed West Cumbria coal mine and East Africa Crude Oil Pipeline (EACOP).
In March, leading climate scientists delivered a “final warning” on climate change: act now. We’ve got five actions you can take with us to keep the pressure on the governments, financiers, insurers, and fossil fuel companies that are pushing us deeper into climate crisis.
Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests.
Activists from the StopEACOP Coalition held an ‘oil spill’ demonstration outside the offices of Lloyd’s of London insurers, Talbot & Cincinnati Global Underwriting, to demand they rule out the controversial East Africa Crude Oil Pipeline.
Four insurers ruled out EACOP in the past two weeks due to pressure from activists and engagement with campaigners, with Canopius the latest to distance itself from the mega-pipeline.
We need all insurance companies to rule out EACOP, and stop the toxic pipeline at its source. Next, we want Canopius Group, and Chaucer insurance to rule it out, and we know that constant pressure works.
Arch Capital Group Ltd and AEGIS London join the 19 (re)insurance companies ruling out the controversial East Africa Crude Oil Pipeline (EACOP) project.
Insure Our Futures Scorecard shows which insurance companies are taking action on fossil fuels and climate change. It focuses on 30 leading primary insurers and reinsurers, assessing and scoring their policies on insuring and investing in coal, oil, gas, and other aspects of climate (in)action….
AIG is a major insurance provider to fossil fuel companies, and has billions invested in the industry. AIG is the largest coal insurer outside of China, and one of the few still able and willing to underwrite new, multi-billion-dollar coal projects. The company is also…
Lloyd’s provides insurance and reinsurance that supports and enables some of the world’s worst fossil fuel projects including coal mines, tar sands pipelines, and new oil & gas exploration. Their business plans are incompatible with keeping climate change under 1.5°C. In total, Lloyds insures 40%…
People across Australia have been fighting for 10 years to stop one of the most devastating mining projects currently being planned on the globe. The Adani coal mine, if it goes ahead, will open up the Galilee basin - one of the biggest untouched coal reserves on the planet - paving the way for at least eight more coal mines to be built. All at a time when scientists are warning we can't build any more fossil fuel infrastructure if we want to avoid catastrophic global heating.
Australia is already the world's number one exporter of coal and these mega-mines would double their current output! If that isn't enough, if built, Adani’s Carmichael mine will destroy the ancestral lands, waters and cultures of Indigenous people.
On the front line of the Adani mine standing their ground are the Wangan and Jagalingou people who have never given their free, prior, and informed consent to Adani’s mine and have said "No" to Adani five times. Adani has not only stolen their land (with the government's permission) but also bankrupted their spokesperson.
The Wangan and Jagalingou traditional custodians are joined by people from across Australia standing up to their corrupt politicians and the mining giants who own them. Together they have built the biggest climate movement in Australia's history.
In 2020 documents were leaked showing that Lloyd's of London were insuring the Adani mine. This kicked off a wave of actions targeting the individual insurance companies that make up the Lloyd's marketplace. The majority of the insurance companies involved have committed to not reinsure Adani. The fight isn’t over yet, and we will continue to demand all insurance companies rule out this dangerous project.
It’s unfortunately not just the UK insurance industry supporting Adani. Shockingly, the British Science Museum has joined forces with Adani, allowing them to sponsor their new Energy Revolution gallery! We are supporting groups across the world who are demanding the museum drops Adani.
Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests.
In March, leading climate scientists delivered a “final warning” on climate change: act now. We’ve got five actions you can take with us to keep the pressure on the governments, financiers, insurers, and fossil fuel companies that are pushing us deeper into climate crisis.
Activists delivered thousands of messages from people around the world to all three of Probitas 1492’s UK offices, with the message: “Probitas, break up with Adani.” Find out how you can take action to cut of this toxic project’s insurance.
The Adani Group wants to expand its coal operations by 800%. Sadly, this is the British Science Museum’s new sponsor of the ‘Energy Revolution’ Gallery!
Adani’s mines are supported by the UK’s finance industry – providing insurance and funding for it’s devastating coal mines in Australia, India and beyond. Can you to join us on Twitter and Facebook, to take on the institutions enabling climate breakdown?
“It is a serious problem that John Neal has not been well enough briefed, or is just personally sceptical, about climate science and the findings of the International Energy Agency.”
Today, on the eve of COP26 climate talks Coal Action Network were joined by Youth Strikers from across the world and the Pacific Climate Warriors, to set up a climate justice memorial at Lloyd’s of London HQ. The climate memorial was created to remember communities on the front lines of climate breakdown, who are being directly impacted by harmful projects and climate impacts.
Our guide to Google review swarming Lloyd’s of London market members to mount public pressure on them to rule out the Adani coal mine.
As they reopened after lockdown, Lloyd’s of London and companies involved in their marketplace opened their offices to find local people demanding that they rule out insuring the West Cumbria and Adani coal mines immediately.
Major Lloyd’s of London insurer Brit is the latest firm to rule out insurance for Adani’s controversial Carmichael coal mine project.
Last Thursday, 18th May, Coal Action Network protested outside of Lloyd’s of London, for their role in insuring the expansion of the Trans Mountain Pipeline (TMX) and the East Africa Crude Oil Pipeline (EACOP).
Lloyd’s of London member Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its current insurance policy expires this summer.
Lloyd’s of London member Aspen Insurance has pledged to cut ties with the Trans Mountain (TMX) tar sands pipeline after its current insurance policy expires in summer 2022.
“As one of the last major insurers without restrictions on coal insurance, AIG’s new commitments to reduce underwriting for coal, tar sands oil, and Arctic oil and gas are a major step forward for people and the planet,”
“It is a serious problem that John Neal has not been well enough briefed, or is just personally sceptical, about climate science and the findings of the International Energy Agency.”
Today, on the eve of COP26 climate talks Coal Action Network were joined by Youth Strikers from across the world and the Pacific Climate Warriors, to set up a climate justice memorial at Lloyd’s of London HQ. The climate memorial was created to remember communities on the front lines of climate breakdown, who are being directly impacted by harmful projects and climate impacts.
