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.
The Adani mine – a test case for Lloyd’s
Lloyd's must commit to drop Adani now that Axis Capital and Canopius have dropped the destructive coal mine.
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.