The environmental activist group Extinction Rebellion has launched a week-long campaign aimed at challenging the global insurance industry’s support for fossil fuel companies.
The movement, known for its disruptive protests advocating for urgent action on climate change, is targeting insurers that heavily invest in the fossil fuel sector.
A report from last year revealed that numerous London-based insurers have invested hundreds of billions of dollars in fossil fuel companies.
These investments enable the continuation of oil and gas drilling operations, providing insurance cover without which projects could not go ahead.
The Insure Our Future campaign, consisting of 24 NGOs, assesses major insurers’ involvement in the oil and gas industry.
Insurers operating in the Lloyd’s of London market emerged as the largest underwriters of fossil fuel projects, generating an estimated €1.5bn-€2bn in annual premiums.
Extinction Rebellion poster. CREDIT: MAX LEAVER/CITY NEWS
Climate Finance Strategist Will Attenborough has called on insurance companies to “stop insuring polluters and ensure a safe, healthy future for us instead.”
“London is a global financial hub. Every major insurance company has a hub here and pretty much every fossil fuel project around the world has some footprint in London.”
The week-long campaign in the UK starts on 26 February and will include various forms of protest such as street performances, speeches, art demonstrations, and people’s assemblies.
The campaign will culminate in a rally departing from London’s Trinity Square Gardens on Wednesday.
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HeadlineExtinction Rebellion targets insurance industry over fossil fuel investments
Short HeadlineExtinction Rebellion turns on insurance companies
StandfirstLloyd's of London is the largest insurer of fossil fuel projects, generating an estimated €1.5bn-€2bn in annual premiums.
The environmental activist group Extinction Rebellion has launched a week-long campaign aimed at challenging the global insurance industry’s support for fossil fuel companies.
The movement, known for its disruptive protests advocating for urgent action on climate change, is targeting insurers that heavily invest in the fossil fuel sector.
A report from last year revealed that numerous London-based insurers have invested hundreds of billions of dollars in fossil fuel companies.
These investments enable the continuation of oil and gas drilling operations, providing insurance cover without which projects could not go ahead.
The Insure Our Future campaign, consisting of 24 NGOs, assesses major insurers’ involvement in the oil and gas industry.
Insurers operating in the Lloyd’s of London market emerged as the largest underwriters of fossil fuel projects, generating an estimated €1.5bn-€2bn in annual premiums.
Extinction Rebellion poster. CREDIT: MAX LEAVER/CITY NEWS
Climate Finance Strategist Will Attenborough has called on insurance companies to “stop insuring polluters and ensure a safe, healthy future for us instead.”
“London is a global financial hub. Every major insurance company has a hub here and pretty much every fossil fuel project around the world has some footprint in London.”
The week-long campaign in the UK starts on 26 February and will include various forms of protest such as street performances, speeches, art demonstrations, and people’s assemblies.
The campaign will culminate in a rally departing from London’s Trinity Square Gardens on Wednesday.
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