BACK TO TOP

People from Across the World hold Climate Memorial at Lloyd’s of London

Today, the 29th October, on the eve of COP26 climate talks held in Glasgow, Coal Action Network were joined by Youth Strikers from across the world and the Pacific Climate Warriors, to set up a climate justice memorial at Lloyd’s of London HQ. The climate memorial was created to remember communities on the front lines of climate breakdown, who are being directly impacted by harmful projects and climate impacts.

The Lloyd’s of London insurance market, one of the world's largest insurers of fossil fuel projects.

Elara from Coal Action Network said “The memorial brought to life the memories of every person harmed by the injustices of the climate crisis. We’ve laid wreaths naming climate wrecking projects we want Lloyd’s of London to rule out underwriting today, and help to prevent billions of lives being destroyed by climate impacts. Lloyd’s needs to stop ignoring the climate science and communities being affected by climate breakdown.”

Protesters were joined by 20 Friday for Future MAPA youth strikers, some from communities most affected by climate change globally (including Bangladesh, Philipines, Argentina, Nigeria). Members of the Pacific Climate Warriors who have been calling on Lloyd’s to stop insuring the Adani Carmichael coal mine, brought flowers native to the Pacific Islands to add to the memorial. Representatives gave testimonies from their communities, which included those on the front lines of fossil fuel projects and climate impacts.

Joseph Sikulu from Pacific Climate Warriors said "Our communities grapple with climate impacts everyday. As sea levels rise we risk losing everything. The insurance industry should also understand the business risks of climate change. Climate fuelled disasters like hurricanes and wildfires are costing the industry billions. It is in our shared interests to act by stopping the major driver of global warming: coal. Lloyd's of London must show leadership now and act on the climate crisis by refusing insurance for climate wrecking coal projects like Adani’s Carmichael mine in Australia.”

Lloyd’s in an insurance market, composed of many underwriters and insurance companies. Lloyd’s is known for insuring projects that no one else will, which increasingly includes climate-destroying fossil fuel projects, making it a major global energy insurer.

In 2020, Lloyd’s published a Environmental, Social and Governance (ESG) Report. Campaigners said today that its commitments are not enough. Lloyd’s still allows members to acquire new business in these sectors, and is continuing to provide them cover until 2030. There is no mention of insurance and investment in coking coal, or other gas and oil projects, despite Lloyd’s being amongst the four largest insurers of fossil fuel projects. Click here for further information on how Lloyd’s of London helps fuel the climate crisis.

Members of the public laid hundreds of flowers and messages to Lloyd’s of London from over 4,500 people across the world were hung outside the offices, as well as delivered to Lloyd’s Chairman, Bruce Carnegie Brown. These messages are also visible at: https://lloydsmemorial.netlify.app/

Staff were asked to speak to senior management in Lloyd’s about ruling out insuring all fossil fuels, including specific fossil fuel projects like the Adani coal mine, tar sands carrying TransMountain pipeline, the proposed West Cumbrian coal mine, and the Cambo oilfields. The group also called on Lloyd’s to rule out any possible involvement with the Silvertown Tunnel, and for Lloyd’s to pay compensation for climate impacts.

Elara from Coal Action Network said “The climate crisis is harming the poorest and least responsible of us first and worst. The blame falls squarely at the feet of executives at corporations like Lloyd’s of London. Day after day they decide to profit from death and chaos, by underwriting projects that will lead to climate breakdown, while refusing to insure everyday people against the floods and wildfires they are helping to create.”

This action is the latest to target Lloyd’s of London, including Coal Action Networks previous climate memorial earlier this month on the 8th October. The action today forms part of a Defund Climate Chaos day of action, with groups across the world will take similar actions on the doorsteps of a range of financial and insurance institutions. At Lloyd’s, Coal Action Network’s memorial was preceded today by an ‘oil’ spill at their entrance, organised by others as part of the Defund Climate Chaos day of action. Coal Action Network are also facilitating a climate memorial in Newcastle at the offices of Lloyd’s syndicate Chubb insurance this afternoon.

Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback

[…] Mr. Sikulu shared stories of his engagement with insurers such as Lloyd’s. You can read more about his successful activism concerning the Adani coal mine in Australia: https://www.reuters.com/article/us-adani-insurance-idUSKBN2AN14P and https://www.coalaction.org.uk/2021/10/29/international-climate-memorial-at-lloyds/. […]

Never miss an update! Sign up to our Newsletter

OTHER STORIES

Campaign to stop Aberpergwm

At the end of November 2021, we noticed the licence application for an extension to ‘Aberpergwm Colliery’ on the little-publicised webpage of the Coal Authority. This webpage contains a listing of all coal mine licences and licence applications and is a good one to bookmark and check back regularly…

Key facts: Aberpergwm coal mine expansion

42 million tonnes during the life of the extension + 30 million tonnes of “middling” coal to be dumped or put back into the coal mine.
Around 100 million tonnes of CO2 and up to 1.17 million tonnes of methane could be emitted during…

Aberpergwm FAQs & Action for local residents

Energybuild hasn’t been keeping local people in the loop, so we thought we would! Volunteers from Neath Port Talbot Friends of the Earth have given out flyers in Glynneath to start conversations and direct people towards this information about the mine expansion…

AIG’s climate commitments are a major step forward for US insurance industry’s exit from fossil fuels

“As one of the last major insurers without restrictions on coal insurance, AIG’s new commitments to reduce underwriting for coal, tar sands oil, and Arctic oil and gas are a major step forward for people and the planet,”

Coal round up February 2022

Update on coal extraction and use in the UK. The situation with coal production and use in the UK is changing. There are no new opencast mines proposed; only one proposed opencast coal extension and one existing opencast extraction site…

Lloyd’s failure to implement ESG policy is driven by its CEO John Neal

“It is a serious problem that John Neal has not been well enough briefed, or is just personally sceptical, about climate science and the findings of the International Energy Agency.”

CAN instructs Barristers to take Welsh Government and the Coal Authority to task over Aberpergwm colliery extension.

Our Barrister’s pre-action letter convincingly puts the power to stop the Aberpergwm colliery extension licence firmly in the hands of Welsh Government Ministers. Now it is up to those Ministers to take their rhetoric and put it into swift, decisive action…

Licenced: the Aberpergwm coal mine extension

On 25th January 2022, whilst the Welsh and UK Governments continued to argue over which could stop it, The Coal Authority approved the full licence for an underground coal mine extension to Energybuild Ltd. The company can now mine a further 40 MILLION TONNES of coal until 2039…

An open letter to stop the Aberpergwm coal extension

Combined, both of you have received nearly 4000 emails from people who are dismayed by the news that the deep coal mine operated by EnergyBuild Ltd in Aberpergwm may imminently have the licence to extend it deconditionalised by The Coal Authority regulator…

CONNECT WITH US

1
0
Would love your thoughts, please comment.x
()
x