With the start of the UN’s next climate summit in Bonn next week, thousands of climate justice activists, organized by Ende Gelande, forced their way onto Europe’s biggest coal mine, briefly shutting down operations. When operators from RWE Power AG shut down the excavators for safety reasons, the activists cheered. Police announcements via loudspeaker regularly reminded activists […]
Perhaps a conference of insurance actuaries isn’t the first place you’d look for bombshell headlines, but that’s exactly what a reporter for the Australian Financial Review found this week. Attending the Actuaries’ Institute’s climate change working group, the AFR spoke with Sharanjit Paddam, a principal at Deloitte and convenor of the working group. Paddam warned […]
Insurance companies are getting hammered by this year’s super storms. Many of them are withdrawing from coastal areas in response to climate change – but continue to underwrite fossil fuels. Here are 10 things you should know about insurers and climate change. 1. Insurance companies, which insure properties against weather hazards, were among the first major […]
To protect the climate, we need to stop coal. But how? Climate campaigners have a new tactic: go after their insurance. Our new explainer video shares why the insurance sector is such a critical player in the fight to keep coal in the ground, and how we’re pressuring companies to Unfriend Coal – in its […]
A series of super storms from the Atlantic to South Asia have taken thousands of lives, are creating untold human suffering and unleashing unprecedented economic damage. As harbingers of a grim new climate reality, they are also putting the need for urgent strengthened climate action forcefully on the agenda. Governments, businesses and consumers need to […]
This year’s unprecedented super storms call attention to the climate responsibility of the insurance industry, which currently meets for its annual conference in Monte Carlo. As the world’s first reinsurer withdraws from underwriting certain coal projects, campaign groups call on the insurance industry to completely exit the coal sector. On September 6 French insurer SCOR, […]
Over 6,000 European climate change activists took bold climate action in the heartland of Germany’s coal industry this month, with the aim of disrupting the coal industry via direct action. As they have in years past, the Ende Gelaende movement (which means “Stop, no further”) organized the sprawling 6-acre peaceful action camp that is the […]
Leading insurers have started to put their climate rhetoric into action and to exit the coal sector. Even so Unfriend Coal, a coalition of climate activists, has found that five prominent European insurers – Allianz, Generali, Munich Re, Swiss Re and Zurich – continue to hold at least $361 million of assets in companies which […]
The insurance industry talks a big game on climate but it continues to invest in coal and other fossil fuel projects, so we joined forces with Divest London and UK Tar Sands Network to take a message to their big global conference in London last month. The ‘Global Resilience and the Role of Insurance’ […]
Climate activists call on Insurers to stop underwriting coal projects in the next six months to avoid catastrophic climate change. London, Tuesday July 18th 2017, climate activists intervened at the annual International Insurance Society conference  this morning, to call on the global insurance industry to demonstrate commitment to insuring the world against climate chaos […]
Today reinsurance giant Swiss Re announced they have shifted their entire $130B investment portfolio towards ethical investments, and clarified that they continue to exclude coal from their portfolio. We welcome this progress but there is still more to do: stop underwriting coal!
The planet can afford no new coal if we are to keep global temperatures below 2 degrees C, yet banks and insurers are set to finance an incredible 1,600 new coal power plants worldwide, tipping the planet into climate chaos. Our partners Urgevald have complied a database of the 120 companies driving these new power plants into a new resource, CoalExit.org. It's a handy divestment checklist for pulling your money out of climate destruction.
When we learned the CEOs of the world’s leading insurance companies would hold their annual get-together in San Francisco, we knew we had to get Unfriending Coal onto their agenda. From interrupting their meeting to protests out front, elevator ads to giant airplane banners, our message was definitely heard.
Among the many journalists covering our action against the world's biggest insurance company CEO's last week was this excellent Huffington Post article. Here are some of the highlights.
On Thursday and Friday, climate activists brought their message that insurance companies need to stop supporting coal projects to a global meeting of insurance CEOs in San Francisco.
Thirteen international NGOs call on the insurance industry to stop insuring and to divest from coal. They will hold them publicly accountable for their response.
Insurance companies insure the risks of coal projects, and invest their premiums in fossil fuels. This infographic illustrates the perverse cycle of how the insurance industry fuels climate change.
By making coal projects uninsurable, insurance companies could make a major contribution to the climate goals of the Paris Agreement. In this commentary, Peter Bosshard lies the challenge at the doorsteps of the insurance industry.
By moving away from coal, insurance companies can contribute to their fundamental business purpose: to protect society from catastrophic risks. Read this opinion piece by Peter Bosshard in Mongabay.
Just as the fax gave way to email and whale oil gave way to kerosene, so is coal giving way to cleaner forms of energy. The insurance industry needs to play its part to accelerate this transition, argues Bill McKibben in this commentary.