The Global Week of Action is over, but we are only getting started! 💪100+ actions took place in 31 countries targeting
@AIGinsurance
,
@TokioMarine
,
@Zurich
, & others.
Thank you to every single person who took part to help end fossil fuel expansion &
#InsureOurFutureNOW
! 💚
🚨 BREAKING:
@Zurich
has just excluded any coverage of new oil and gas extraction, and new metallurgical coal projects!
This is the final major European insurer exiting oil and gas expansion - care to join in
@AIGinsurance
?
#InsureOurFuture
Read here 👉🏼
BREAKING:
@SwissRe
announced it will completely phase out coal from its treaties by 2030 (OECD) & 2040 (rest of the world)
If it stops insuring companies that develop new coal now, this new policy sets the standard for the reinsurance industry. (1/4)
Today, Insure Our Future stands outside
@LloydsofLondon
headquarters on Lime Street, as it reopens after COVID-19.
Our demands are clear. Lloyds – wash your hands of coal and tar sands.
Here’s why: 🧵 (1/11)
Floods, wildfires, hurricanes, heat waves –
#climate
disasters are battering communities worldwide. But
#insurance
companies keep insuring fossil fuel expansion, while making coverage out of reach for those most at risk.
CEOs must take responsibility to
#InsureOurFuture
. 🧵
👏
@MunichRe
, world’s largest reinsurer, announces major new oil and gas exclusion policy!
Now, the insurance market must follow the momentum set by them,
@Allianz
&
@SwissRe
and immediately exit new oil and gas.
#InsureOurFuture
BREAKING.
@SwissRe
, the worlds largest reinsurer, will stop reinsuring businesses with more than 30% exposure to thermal
#coal
. All eyes on
@MunichRe
. Read our analysis here -
🚨 AND WE ARE LIVE...
Check out the Global Week of Action 2024 page now!
Find out more about:
👉🏿why we need insurance companies to change to
#InsureOurFutureNOW
👉🏼frontline fights across the globe
👉how *you* can get involved in person or online!
‼️BREAKING:
@SwissRe
, one of the world’s leading insurers, won’t insure or invest in projects related to exploration, drilling or production of oil or gas in the Arctic.
#ProtectTheArctic
#StandWithTheGwichin
BREAKING:
@AXA
- France's biggest insurer - dumps German power plant giant RWE over coal.
Now all insurers must follow AXA's lead and stay far away from RWE.
#InsureOurFuture
👉
BREAKING:
#InsureOurFuture
’s 2022 scorecard finds new coal power plants outside of China are no longer insurable! The market share of insurers with coal exclusions has reached 62% in the reinsurance and 39% in the primary insurance markets. 1/
📢 BREAKING: Top 15 oil & gas insurers exposed 📢
In a new report, we are calling on insurers to rule out cover for ALL fossil fuels which are inconsistent with international climate targets
View our full report here 🔽
PLEASE AMPLIFY! 🚨 Student protesters against the East African Crude Oil Pipeline have been arrested in Uganda! 🚨
📣 We demand their release.
📣 We demand
@PoliceUg
stop silencing students!
@EmmanuelMacron
,
@EUinUG
,
@FrenchEmbassyUg
must act to release them!
#StopEACOP
.
@EmmanuelMacron
@EUinUG
@FrenchEmbassyUg
agissez !
🚨 Des manifestants contre le projet EACOP ont été arrêtés en Ouganda !
📣Nous demandons leur libération.
Les opposants au projet en Ouganda sont régulièrement menacés, arrêtés, et réduits au silence
#StopEacop
📢 BREAKING: Campaigners protest at State Bank of India HQ in London.
@adanionline
trying to make Indian taxpayers pay for their coal mine with $1B loan from
@TheOfficialSBI
.
Public funds should be used for good, not bailing out climate-wrecking billionaires!
#StopAdani
🚨 BREAKING:
@LloydsofLondon
releases ESG report December 17!
This coal policy is step in right direction, but Lloyd's must immediately drop insurance for all new coal projects.
👉 Our full comment here:
BREAKING: Insurers’ support for oil & gas undermines climate targets, finds our 5th annual Scorecard on Insurance, Fossil Fuels & Climate Change.
Insurers must stop supporting all new fossil fuel production, now.
#InsureOurFuture
👉👉
‼️ Bahamas Petroleum Company (BPC) says
@LloydsofLondon
insures its oil well, while Lloyd’s says it has “no record that this risk is being underwritten in the Lloyd’s market”.
👉 Our statement demanding clarity:
Feature story in today's
@FinancialTimes
by
@iankmsmith
puts a spotlight on fossil fuel insurers and the successful pressure of the
#InsureOurFuture
campaign.
✊Insurers are starting to listen to our demands & the laggards have nowhere to hide.
BREAKING: Insurance giant
@LloydsofLondon
has gone to a new low.
We’ve caught them red-handed
#greenwashing
- gutting their climate commitments and going to great lengths to make sure no one saw their watered down ESG “guidelines.”
"We're calling on you to stop insuring and investing in coal and tar sands.”
@Avaaz
calls on Dr. Joachim Wenning, CEO
@MunichRe
, and other insurance CEOs to walk the talk on climate ahead of a global meeting of insurers in Berlin. Sign here -
#UnfriendCoal
BREAKING: 10 of the world’s biggest insurers refuse to cover Adani’s climate-heating coal mine! No company wants to be the one that opens up the world’s biggest new coal basin in the middle of a climate crisis.
#StopAdani
BREAKING: The world's biggest insurer,
@Allianz
, has announced industry leading coal exclusion policies. Read the
@UnfriendCoal
/
@urgewald
press release here -
👏 BREAKING:
@Allianz
, one of the world's biggest oil and gas insurers, announced an ambitious oil and gas policy which raises the bar for the global insurance industry!
👀
@MunichRe
must be next!
BREAKING. Close to half the global reinsurance market has divested from
#coal
as Hannover Re, the 3rd largest reinsurer,
#divests
. Read full press release here -
#UnfriendCoal
@urgewald
Meet the climate killers in the
#UnfriendCoalScorecard
Hall of Shame. 👎
These are the insurers most responsible for propping up the
#coal
industry across the globe. Call on them to
#UnfriendCoal
here
SEE: The 2023
#InsureOurFuture
scorecard is here!
Find out which insurers are the biggest contributors to the global climate emergency, 50 years on from the first warning about climate change within the industry.
Need convincing? Hear
@patienceNabz
BREAKING: Insurer
@AXIS_Capital
has adopted a policy to restrict insurance for coal and tar sands
It is the first US insurer to act on coal and tar sands, and first specialty insurer to take any action on
#fossilfuels
This is a big win!
#UnfriendCoal
🚨 BREAKING 🚨
140 organisations with 24 million members urge insurers in an open letter to drop Trans Mountain tar sands pipeline
@LloydsofLondon
is the pipeline’s biggest remaining insurer. Why is it still ignoring climate science?
@InsuranceBizCA
👇
📢 Today, we hand-delivered a petition to
@Samsung
London HQ demanding they exit coal.
Over 21,500 people have signed the
@SumOfUS
petition demanding that Samsung STOP offering coverage, construction and support to coal
#VungAng2
👉 Sign the petition:
BREAKING: Almost half of the global coal industry is still in expansion mode. The numbers of the updated
#GlobalCoalExitList
speak loudly! We call on the insurance enablers of this madness to immediately ban new coal projects. Details here:
Major EU insurer
@Allianz
announces it has toughened its stance on insuring
#coal
"It will now no longer offer insurance for companies whose business model doesn't have a clear coal exit path from 2023"
Allianz is closing the coal gap – who will follow?
📢 BREAKING: Sompo becomes 1st Japanese insurers to adopt a coal policy - though with significant loopholes.
Meanwhile, its national counterparts lag even further behind on
#ClimateAction
, particularly
@TokioMarine
👉
BREAKING:
@antonioguterres
just called on insurers to phase out "the underwriting of coal and all fossil fuels".
The insurance industry must cease insurance of coal and new oil & gas, now.
@LloydsofLondon
,
@tokiomarine
,
@Allianz
,
@AXA
(& others) what are you waiting for?
👏 More positive
#insurance
news
@AIAGroup_Press
- the biggest Asian life insurer - commits to fully divest from coal. They have listened to our demands & kicked out coal!
🗞️
NEW:
@LloydsofLondon
is undermining climate action
Why is Lloyd's the only major EU insurer which has not yet committed to ending coverage for any fossil fuel projects?
Read this op-ed by our European Co-ordinator
@lindsaykeenan17
in
@the_ecologist
👇
BREAKING: The 2023
#InsureOurFuture
scorecard is out! We rank 30 major insurers on their fossil fuel & climate policies. This year we found:
❌ Insurers are failing to rise to the occasion after 50 years of warning about the climate change. via
@guardian
:
The writing is on the wall for the
#coal
industry
"Coal has fallen from favour in the eyes of investors due to climate concerns, cheaper renewables and a public backlash against air pollution"
When will insurers wake up to reality?
@guardianeco
🔽
NEW: Undisclosed documents reveal that
@ChubbNA
,
@MAPFRE
, and
@TokioMarine
insure the majority of Brazil’s offshore oil and gas drilling, driving climate destruction and jeopardising fragile coastal ecosystems.
Hundreds of people from Czech Republic, Poland & Germany gathered at the boarders of the three states to protest against the planned expansion of
#Turow
open-pit lignite mine in Poland.
👉
@GENERALI
#HannoverRe
&
@MunicheRe
called to not renew their coverage to the
#coal
project
BREAKING:
@SwissRe
, a major reinsurer insuring 10% of the global economy, announces a comprehensive new oil & gas policy, initiating new momentum in the insurance industry's shift away from fossil fuels! 🧵
BREAKING: Senior execs at world's biggest insurance broker
@MarshGlobal
are considering cutting ties with the Adani Carmichael
#coal
mine
Does this spell the end for both the Adani mine and Marsh's support for coal?
#StopAdani
@GuardianAus
@BenSmee
🔽
Fossil fuel projects that don’t get insured, don't get built.
Take note: every new coal, oil & gas project that ignores the world’s scientists but builds anyway, will have an insurance CEO behind it saying: “this risk is okay”, while condemning us to the risk of climate breakdown
🧐 Are you joining the Global Week of Action?
We want to know, why do *you* want a fossil fuel free future driven by a more considerate insurance industry?
How is your community impacted?
Tell us your story here:
#InsureOurFutureNOW
@Eko_Movement
🚨 BREAKING:
@Zurich
drops Trans Mountain! 🚨
Zurich removes $300m of cover for the tar sands pipeline, putting the project under threat
After Talanx & Munich Re pulled out earlier this month, now all eyes are on
@LloydsofLondon
@Chubb
👀
@Reuters
👇
📢BREAKING: Report by
@SocieteGenerale
finds “reducing exposure to Oil & Gas should be the next environmental objective for insurers” and could “unlock an additional ‘green premium’ for the sector”.
@AXA
,
@Zurich
,
@Allianz
what are you waiting for?
👉
In a landmark move, the UK's biggest pension fund
@nestpensions
is to divest from fossil fuels
Now it's time for the UK's biggest insurance marketplace
@LloydsofLondon
to follow suit and drop its coverage of major fossil fuel projects
@guardian
👇
URGENT! Please help amplify! A human rights defender
@BarigyeBob1
has been arrested for organizing a debate on the East African Crude Oil Pipeline. Please demand the Wandegeya
@PoliceUg
release him now!
Urgent Appeal from
@FrontLineHRD
for our organizer &
@stopEACOP
activist
@BarigyeBob1
. The appeal is to demand for his unconditional release, Treatment & demands the military to stop harassing & using extrajudicial means to harass Human rights defenders.
🚨BREAKING🚨 500 students & recent graduates pledge not to work for
@LloydsofLondon
& companies insuring climate-wrecking projects EACOP & Rosebank.
If insurers want to attract new talents, they better stop insuring fossil fuels
#StopEACOP
#StopRosebank
📢 BREAKING:
@AXA
's
@thomasbuberl
announces Net-Zero Underwriting Alliance.
We welcome that insurers are taking responsibility for the emissions of projects they underwrite. But the new alliance must combine long-term ambition with short-term action.
Here’s what you should know about the latest
#InsureOurFuture
2023 scorecard! 🧵
50 years on from when the first concerns about climate change were raised in the insurance sector by
@MunichRe
has not proved long enough for meaningful action.
1/8
Braving California's Airpocalypse, climate activists gathered at
@Samsung
's flagship store in Palo Alto today, calling on the company to ditch its coal business and say no to the Vung Ang 2 coal project in Vietnam
#Note20
#WrongCallOnClimate
images
@movementphotog
BREAKING Austrian insurer very active in Central and Eastern Europe -
@ViennaInsurance
- will stop insuring new
#coal
plants and mines.
Will rival
@uniqagroup
follow suit? Time's up for new coal in Europe👇
100 organizations from around the world are calling on
@LloydsofLondon
to take a stand against the East African Crude Oil Pipeline
#EACOP
!
Chairman
@BNCB
& CEO John Neal: join your peers in ruling out this climate-wrecking pipeline.
#StopEACOP
📨
NEW:
@CarbonBubble
report warns that China is planning to build more
#coal
plants to stimulate the economy after
#COVID19
Yet 1/2 of all coal plants will make a loss this year – the economic case to
#UnfriendCoal
has never been clearer
@Reuters
👇
The global reinsurance sector is meeting this week in
#BadenBaden
to discuss annual re/insurance contract renewals. We call on the attendees to stop fueling climate catastrophe by underwriting fossil fuels and instead support a clean energy transition.
NEW! Our 2022
#InsuranceScorecard
finds the top 30 global fossil fuel insurers are finally strengthening restrictions on fossil fuel insurance.
@Allianz
&
@AXA
rank at the top, while
@LloydsofLondon
sits at the bottom. Stay tuned for more details!
@LloydsofLondon
CEO, John Neal met with
#InsureOurFuture
to discuss Lloyd's response to the
#ClimateCrisis
.
But he failed to understand the science, and will not end Lloyd's ties with coal, oil and gas expansion.
👉 meeting summary & our response
Listen to Ugandan climate activist,
@HillaryTaylorVI
explain some of the risks posed by the carbon bomb that is the East African Crude Oil Pipeline, why it's clear it's negligent for insurers to cover the project and why we must
#StopEACOP
!
📢 BREAKING:
@ReclaimFinance
launches Coal Policy Tool which reveals coal policies adopted by global financial institutions.
The ONLY re/insurers in Europe to have no public coal policy are
@LloydsofLondon
& PZU insurance.
➡️
⏰ The countdown is on!
Want to know more about *why* insurance needs to move on climate change?
🗓️ Check out our free webinar this Thursday:
#InsureOurFutureNOW
#ClimateChange
Today's
#IPCC
report &
@antonioguterres
send yet another warning to urgently cut greenhouse gas emissions to prevent a complete
#climate
breakdown.
Insurers - & all financial institutions - are you listening?
Cut off the culprit for climate destruction: fossil fuel companies.
How can YOU take action against insurers supporting climate-wrecking fossil fuels?! 🔥
Join our free online event to hear how from expert panelists. 🚨
Sign up for our live panel:
#InsureOurFutureNOW
Read our op-ed demanding
@AXA
cut all ties to
#LNG
Originally for
@Mediapart
, find out more about
@AXA
's role in insuring Russian gas exports and destructive LNG terminals such as Freeport LNG - now facing state government fines.
#InsureOurFuture