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Peter Bosshard
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Program director of the Sunrise Project and coordinator of the Insure Our Future campaign. I have been around the block a few times and still have fire in my belly. I post with irreverence and compassion.
Revealed just now in The Ferret: 15 insurers and brokers - including Lloyds of London, Mapfre and Marsh - are underwriting the expansion of North Sea oil extraction in the face of the growing climate emergency. https://theferret.scot/revealed-insurance-players-entangled-north-sea-oil/
“The US oil companies are living in a fantasy land,” says outgoing climate champion Nigel Topping. “There’s still some quite big heads in the sand. But they will die. They cannot survive. Their Kodak moment is nigh.” https://www.theguardian.com/environment/2023/jan/09/net-zero-possible-in-2040s-says-outgoing-uk-climate-business-expert-nigel-topping?CMP=share_btn_tw
“Insuring the #Whitehaven coal mine is insuring climate chaos",
Coal Action Network UK warns. “It’s late-stage capitalism that the insurance industry insure climate-related damage whilst insuring projects that drive climate change.” 👀 Looking at you in particular, Lloyd's of London! https://www.postonline.co.uk/news/7952465/insurers-slammed-for-insuring-climate-chaos-with-uk-coal-mine#
Coal Action Network UK warns. “It’s late-stage capitalism that the insurance industry insure climate-related damage whilst insuring projects that drive climate change.” 👀 Looking at you in particular, Lloyd's of London! https://www.postonline.co.uk/news/7952465/insurers-slammed-for-insuring-climate-chaos-with-uk-coal-mine#
#KoreanRe, the world's 13th biggest reinsurer, finally adopted a coal exit policy. Unfortunately the policy has so many loopholes it needs serious improvements to meet international standards. Read the critique by our Korean partner Solutions For Our Climate at https://global.insure-our-future.com/south-koreas-only-reinsurer-announces-to-drop-new-coal-but-with-loopholes/
South Korea’s only reinsurer, Korean Re, announces to drop new coal, but with loopholes - Insure Our Future Global
Korean Reinsurance begins its move away from coal but too slowly, according to civil society December 6, 2022 – Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance for new coal mining or power plant construction from next month. Reinsurance functions as insurance for insurance companies. If reinsurers restrict insurance coverage of …
More good news from the #StopEACOP campaign: AEGIS and Arch, two major fossil fuel underwriters, join 19 other insurers in ruling out support for the East Africa Crude Oil Pipeline. Grassroots pressure works! https://global.insure-our-future.com/arch-insurance-aegis-london-respond-to-pressure-rule-out-eacop/
Arch Insurance & AEGIS London respond to pressure & rule out EACOP - Insure Our Future Global
Arch Capital Group Ltd and AEGIS London join the 19 (re)insurance companies ruling out the controversial East Africa Crude Oil Pipeline (EACOP) project. Arch Capital Group Ltd responded to ongoing pressure on their insurance business by ruling out insurance for the East Africa Crude Oil Pipeline (EACOP). A statement issued by the company follows sustained …
👏 Fantastic news: a Queensland court recommends not to approve a new 40 mt/y coal mine on climate, human rights and indigenous rights grounds. 🔥 "Where ever the coal is burned, the emissions will contribute to environmental harm, including in Queensland." 👏
https://www.theguardian.com/australia-news/2022/nov/25/court-finds-clive-palmers-queensland-coalmine-will-harm-future-generations-in-landmark-climate-ruling
https://www.theguardian.com/australia-news/2022/nov/25/court-finds-clive-palmers-queensland-coalmine-will-harm-future-generations-in-landmark-climate-ruling
🔥 Big success for the #StopEACOP campaign: Britam Holdings, a large East African financial group, joins 18 other companies in pledging not to insure the EACOP pipeline. 👏 Insurance broker Marsh is still involved and Lloyd's of London has so far remained silent on the project. 🔥 https://www.inclusivedevelopment.net/ifc-campaigns/eacop-violates-ifc-environmental-and-social-standards/