Lloyd’s must wash its hands of coal and tar sands
Insure Our Future took global climate concerns to Lloyd’s front door when it reopened its underwriting hall.
Coal Policy Tool sheds light on financial institutions’ coal policies
Reclaim Finance, with 16 other NGOs, released the first online tool to evaluate the coal policies adopted by financial institutions.
Insurers must end support for oil & gas projects to meet climate targets
Insurers must end all support for new oil and gas projects, Insure Our Future says in a letter to insurance company CEOs.
Lloyd’s undermines climate targets with $460 million for tar sands pipeline
Lloyd’s one of the biggest supporters of Canada’s Trans Mountain pipeline, enabling expansion of tar sands undermining climate targets.
Insuring the unacceptable
Lloyd’s is insuring some of the world’s worst fossil fuel projects that other insurers have dropped or refused to cover due to their climate impact. Stark examples of projects and companies that Lloyd’s should immediately prohibit all members of its market from renewing insurance for include: the Adani Carmichael coal mine in Australia, the Trans Mountain tar sands pipeline in Canada, the Rosebank Oil Field in the UK, Ichthys LNG in Austraila and the East African Crude Oil Pipeline – EACOP.
Lloyd’s should make a clear public commitment that its members will not renew insurance for these climate destroying projects when they come up for renewal in 2021.