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Arch severs ties with Trans Mountain Pipeline amid climate & flood risk

Lloyd’s of London member Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its current insurance policy expires this summer. Arch joins seventeen insurance companies, including fellow Lloyd’s syndicate Aspen most recently, that have dropped Trans Mountain or vowed not to insure the Trans Mountain Expansion Project.

Amid pressure from activists to break ties with the tar sands pipeline expansion, in an email to Coal Action Network, a spokesperson for Arch stated:

“We can confirm that Arch Capital Group Ltd, on behalf of its underwriting operations, will not issue any future insurance policies covering the Trans Mountain Pipeline.”

 

Climate catastrophe stalls pipeline progress

Trans Mountain experienced firsthand the impacts of climate chaos in 2021. Following historic wildfires in the summer, November brought extreme flooding and mudslides that shut down the existing line for three weeks. This resulted in over two months of lower capacity oil flow.

Flooding displaced over 14,000 meters of stockpiled pipe meant for the expansion, and the company had to use hundreds of meters of pipeline from the new construction project to repair the old line.

More than 18,000 people were displaced from their homes in the climate catastrophe.

 

Flooding: An insurance liability

Trans Mountain pipeline expansion faces severe flooding and river crossing risks which should make insurers run a mile.

Equipment and generators were submerged in the flooded Coquihalla River; then the storms of November 2021 hit, adding half a billion dollars to the project cost.

Despite this, TMX continues to operate recklessly in flood-risk zones according to Ian Stephe of the WaterWealth Project :

"The company is recklessly setting the stage for further problems at the Vedder River crossing in Chilliwack where the river overflowed dikes. The company filed a geotechnical report that was withheld during route approval hearings and that only finds this major river crossing feasible as planned based on assumptions that were outdated when the report was written and that remain unmet. As a community member with a long history on this project, I am concerned about the impacts from this pipeline on waterways, and insurers should be too."

 

Is TMX un-fundable?

Charlene Aleck of the Tsleil-Waututh Nation Sacred Trust Initiative raised the question; who will fund a project this as risky as TMX?

"As the 18th insurer to rule out Trans Mountain, Arch is confirming that fossil fuel projects without Free Prior and Informed consent are a material risk. Trans Mountain's steps to keep their insurers secret will not stop the momentum towards a safer and more just world. Trans Mountain is currently looking for more financing to continue construction, but who will fund such a risky project?"

 

Lloyd's is failing its members

According to the last insurance certificate with company names listed, Lloyd’s syndicates collectively were the biggest insurer for Trans Mountain. Chubb and Zurich were the biggest individual insurers listed providing coverage, but since then, both Chubb and Zurich have cut ties, making Lloyd’s a remaining top target.

By refusing to rule out Trans Mountain across its marketplace, Lloyd’s of London is failing its members and the millions of people whose lives are being destroyed by climate change. With their understanding of risk, why hasn't the industry taken action decades ago?

 

The targets to stop TMX

With Arch and Aspen cutting ties, Beazley and CNA Hardy are the prime targets for public pressure.

This could all be avoided if Lloyd’s ended insurance for fossil fuels across its marketplace.

Lloyd’s of London has increasingly been the target of protests in the UK for its connection to the pipeline in the lead up to Lloyd’s of London actual Annual General Meeting on May 19. Resistance has included 60 people from Extinction Rebellion blocking the entrances at their iconic headquarters last month and a climate memorial led by Pacific Islanders and youth strikers from climate change-affected communities.

 

Frontline resistance is working

Delayed by over a decade of powerful Indigenous-led resistance, court cases, corporate campaigning, construction mishaps, and cost overruns, TMX is on it's knees. Matt Reml, (Lakota) Mazaska Talks says:

“Thanks to the effort of frontline Indigenous communities and grassroots activists, Lloyd’s of London syndicate Arch Insurance joins a growing list of insurance companies committing to no longer providing insurance for the Trans Mountain tar sands pipeline. This is a victory for Indigenous rights, environmental and climate justice. It is time for the Trudeau administration to end the Trans Mountain pipeline."

The projected cost of the Trans Mountain expansion project has quadrupled, according to recent numbers from the Canadian Ministry of Finance. The current price tag is approximately CA$21.4 billion, and the federal government pledged that it would not provide any additional funding. This leaves the budget $8.8 billion CAD short, demonstrating overwhelming opposition and challenges to building oil and gas pipelines.

Trans Mountain Insurer Aspen Commits to Cut Ties with the Tar Sands Pipeline

Lloyd’s of London member Aspen Insurance has pledged to cut ties with the Trans Mountain (TMX) tar sands pipeline after its current insurance policy expires in summer 2022.
In an email to Coal Action Network, a spokesperson for Aspen stated:

“As a matter of corporate policy, Aspen does not comment on the specifics of any application for insurance we receive, any insurance or reinsurance contract we underwrite, or any claim we pay, however, we can confirm that we do not plan to renew the Trans Mountain Tar Sands Oil Pipeline project.”

Aspen is the seventeenth insurers to rule out insuring the toxic pipeline. It follows Chubb and Argo Group in 2021, which cited climate, environmental, and social risks.

 

No consent for TMX

Front-line community leaders supported the move. Charlene Aleck of the Tsleil-Waututh Nation Sacred Trust Initiative said:

“Aspen is joining insurance industry leaders in recognizing that fossil fuel infrastructure projects that don’t have Free Prior and Informed Consent are a material risk. It’s time for the rest of the Lloyd’s syndicates and the whole insurance sector to follow suit before the climate crisis gets worse”

A growing number of insurers have recognized the massive risks of the 69-year-old pipeline. The project would increase emissions equivalent to 2.2 million cars and has been delayed for years in the face of Indigenous-led resistance.

The Intergovernmental Panel on Climate Change and the International Energy Agency reports have made it clear. Any new fossil fuel infrastructure is incompatible with global climate goals of limiting temperature increases to below 1.5 degrees C. This includes the Trans Mountain pipeline.

 

Mounting Pressure on Lloyds

Lloyd’s of London has been the target of a range of protests around the Trans Mountain pipeline. 60 people from Extinction Rebellion blocked the entrances at their iconic headquarters last week. A climate memorial was led by Pacific Islanders and youth strikers from climate change-affected communities.

Since this campaign began, we've seen insurers at Lloyd’s of London come under increasing pressure to cut ties with Trans Mountain. Aspen is listening, but Lloyd’s syndicates like Arch and Beazley must follow suit. We need a step change across the whole Lloyd’s marketplace.

We are calling for leadership that mandates all insurers in their marketplace to end underwriting of new fossil fuel projects. While Lloyd’s CEO John Neal blocks meaningful climate action, we expect to see ongoing protests on Lloyd’s doorstep.

 

The campaign is working...

In February 2021, the Canadian-owned Trans Mountain corporation petitioned the Canada Energy Regulator to keep the names of its insurance backers secret. It stated that it had “observed increasing reluctance from insurance companies to offer insurance coverage for the Pipeline and to do so at a reasonable price.”

This shows that the tar sands exclusion policies increasingly adopted by insurers are having a tangible impact on the price and availability of insurance for the sector.

According to recent numbers from the Canadian Ministry of Finance, the projected cost of twinning the Trans Mountain pipeline has nearly tripled. The latest figures show that the current price tag is approximately CA$21.4 billion, and the federal government pledged that it would not give any more money to the pipeline. Elana Sulakshana, Senior Energy Finance Campaigner at Rainforest Action Network said:

“This announcement from Aspen makes clear that the Trans Mountain pipeline network is facing serious risks that financial institutions do not want to support: lack of consent from Indigenous communities, decaying infrastructure, mounting costs, and a massive carbon footprint."

 

What next to stop TMX?

Aspen needs to clarify that its commitment rules out all parts of the existing Trans Mountain pipeline and the expansion project in the future.

It's time for TMX's other insurers to rule out continued support for the project and the tar sands sector. This includes Energy Insurance Limited, Liberty Mutual, Lloyd’s of London and syndicates, Starr, Stewart Specialty Risk Underwriting, and W.R. Berkley.

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

Insurance giant rules out support for new coal, tar sands, and Arctic energy exploration projects and commits to Net Zero emissions by 2050 for underwriting and investments

American International Group Inc. (NYSE: AIG) today announced major new company-wide climate commitments, including commitments to no longer provide underwriting and investments in the construction of any new coal-fired power plants, thermal coal mines, or oil sands. Further, the company will stop providing insurance cover and investments in any new Arctic energy exploration.

The commitments, which come after years of pressure from Public Citizen, Insure our Future, and other environmental groups, will also phase out existing underwriting and investments in companies by January 1, 2030 with 30 percent or more of revenue from coal or oil sands, or 30 percent electricity generated from coal.

“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,” said Hannah Saggau, insurance campaigner with Public Citizen. “AIG has vaulted itself from a laggard in the industry to a leader in the U.S., and we look forward to working with it to meet and improve on these commitments.”

In addition to pumping the brakes on coal and tar sands projects, AIG is also committing to reach net zero greenhouse gas emissions across its underwriting and investment portfolios by 2050 and adopt science-based emissions reduction targets in line with the goals of the Paris Agreement. In the company’s statement, AIG committed to release more information about its phase-out of fossil fuels in the coming months and to provide transparent reporting of its progress.

For over a year, Public Citizen has used direct actions, petition drives, policy advocacy, and behind the scenes pressure aimed at AIG and its CEO Peter Zaffino to demand the company stop supporting the fossil fuel expansion driving the climate crisis.

Today’s announcement marks the beginning of a new chapter in the campaign to improve AIG’s fossil fuel policies. AIG joins over 37 companies that have committed to end or restrict insurance for new coal projects, including Travelers, which recently adopted a policy. Among major U.S. insurance companies analyzed in Insure Our Future’s 2021 Scorecard on Insurance, Fossil Fuels, and Climate Change, only Berkshire Hathaway and W.R. Berkley still underwrite coal with no restrictions.

While these commitments represent major steps, the new AIG policy needs clarification and improvement.

“Ending support for coal expansion projects is strong and necessary—and it should be extended to all fossil fuels,” said Saggau. “The International Energy Agency has made it clear that to avoid climate catastrophe, there is no room for any fossil fuel expansion. AIG’s commitment to science-based climate targets should mean an end to all fossil fuel expansion, but today’s announcement doesn’t address that question.”

The new policies could have real impacts on ongoing projects around the world.

Notably, AIG’s commitment makes it the first U.S. insurer to rule out insurance for Arctic energy exploration, which pose grave threats to Indigenous rights and local ecosystems. At least 12 insurers have restricted support for oil and gas drilling in the Arctic Refuge. At the same time, however, today’s release from the company does not clearly define what areas of the Arctic nor what kind of energy exploration activities are covered by its commitment, nor does it implement a broader policy to ensure that all of the projects it insures have obtained the Free, Prior, and Informed Consent of impacted Indigenous communities.

In Canada, in the most recently publicly available insurance certificate, AIG provided coverage for the Trans Mountain Pipeline. The pipeline is a major environmental hazard and a violation of First Nations’ rights, and its expansion project consists of an entirely new pipeline that would ship more than 590,000 barrels per day of highly polluting tar sands crude oil to the coast of British Columbia. While the commitments released today ruled out insurance for the  construction of any new oil sands projects, it is not clear if this includes tar sands transport projects like the Trans Mountain expansion.

“As one of the remaining potential insurers of the Trans Mountain pipeline, AIG’s commitment to rule out insurance for some tar sands projects is a first step but not enough,” said Charlene Aleck, spokesperson for the Tsleil-Waututh Nation Sacred Trust Initiative. “The Trans Mountain pipeline violates Indigenous rights and threatens our land, water, and climate. With the cost ballooning to C$21.4 billion, and the need for more private investment, this pipeline is as risky as ever. AIG must wake up to the significant financial, reputational, and environmental risks of the highly polluting tar sands sector and explicitly rule out insurance for all new tar sands transport projects.”

Written by Insure Our Future

Coal round up February 2022

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. However there are three new underground coal mine applications or extensions proposed and there was an increase in coal use in power stations between 2020 and 2021.

Coal use in power stations

As you can see from the image above coal use in power stations has dropped dramatically since 2012, when 43% of electricity in the UK grid was produced from coal combustion, to just 1.72% in 2020.

Coal use hit a record low in 2020 supplying 253 TWh to the grid, and increased slightly the following year to 267 TWh, as the economy ramped back up from covid-19. (The data for 2022 is only for the first fortnight of the year). Thanks to MyGridGB for this data.

Underground mining

There are presently three applications for new/ extended underground coal mines.

Proposed underground mines

Aberpergwm Colliery (Energybuild Ltd) in Neath port Talbot had planning permission for a 40+ million tonne underground (anthracite) coal mine approved in 2018. The Coal Authority offered the coal company, a license to extract coal in January 2022. Coal Action Network are currently considering legal action against the Coal Authority and Welsh Government for failing to stop the mine being licenced.

Lochinvar (Australian New Age Explorations) are applying for licences for an underground coking coal mine at Lochinvar in three sections, on the Scottish border. If constructed the company hopes to be producing coal until 2044. The first of the three areas would supply an average 1.4 million tonnes of coal each year.

Woodhouse Colliery proposed by West Cumbria Mining had its proposal for a new 1.78 million tonne per year underground coking coal mine off Whitehaven, Cumbria called in by the Secretary of State in 2021. The Planning Inspectorate ran a Public Inquiry in September 2021 and the report is expected to be given to the Secretary of State for Levelling Up, Housing and Communities, Michael Gove imminently.

Opencast coal extraction

There is currently an application to extend a previously operated mine at Glan Lash in Camarthanshire by Bryn Bach Coal.

The last existing opencast coal mine in the UK is Ffos-y-fran, operated by Merthyr (South Wales) Ltd in Merthyr Tydfil, it is widely reported to be due to close in October 2022.

UK steel producers

There are four major UK steel producers, half are using coking coal and produce much higher emissions that the two which recycle scrap steel.

Tata Steel
Port Talbot steel works, in Neath Port Talbot, Wales, is the second biggest UK single site emitter of carbon dioxide.[1] The plant uses coking coal to make steel in blast furnaces.

British Steel
Currently British steel’s Scunthorpe plant can use a maximum of 25% to 30% recycled content using Basic Oxygen Steel making. It currently uses coking coal.

Liberty

Liberty Steel, which has sites in Newport and in Tredegar, has said it aims to become a carbon-neutral steel producer by 2030. The site currently uses Electric Arc Furnaces and recycles scrap metal so does not use coking coal.

Celsa

Celsa’s Cardiff steelworks uses 100% recycled scrap steel in its products and so does not need coking coal.

For more details see our report Coal in Steel.

Power station closures

Ratcliffe on Soar power was given a contract to supply 411 MW to the grid from coal in 2022/23 at a Capacity Market auction in Feb 2022. Ratcliffe's owner Uniper plans to turn the power station into an incinerator for household waste and produce heat and electricity operational by 2026. It has secured planning permission.

Drax power station is supposed to have stopped burning coal this year. However it has offered that it could stay online until 2024 to the UK government.

EDF are closing their West Burton coal power station in September 2022.

Kilroot coal and oil power station in Northern Ireland is going to be converted to gas. It has been announced that Kilroot will stop consuming coal in September 2023.

Coal phase-out in the UK is expected by October 2024. Given that coal consumption in power stations is very low in the summer, the last generation could be April 2024.

Want to help in the fight against coal?

Reference

[1] The Coal Authority, Production and Manpower returns for three month period January to March 2020 and other sources.

Queries and media contact: info @ coalaction . org .uk (without spaces)

52 people tragically killed in mining explosion in Kemerovo region of Russia

We are deeply saddened to hear that yesterday (25th November 2021) a suspected methane explosion killed 52 people, including 6 rescuers, at the Listvyazhnaya coal mine. The underground mine lies close to the town of Gramoteino, in the heavily mined Kuzbass coal field.

The company operating this mine - SDS – Ugol - is one of Russia’s three biggest coal producers, it exports coal to Europe, including to British power stations. The Kuzbass region where this mine is located is the main area in Russia for export to Europe.

This is sadly not the first accident at this mine, an earlier methane blast in 2004 which killed 13 people and in 1981 another explosion killed five people. Coal mining releases methane which is poisonous, highly flammable and a strong contributor to green house gas emissions.

In the Kuzbass there are large opencast coal mines as well as many underground mines. There is little other work other than coal mining and associated industries in the area, but the consequences of mining coal are numerous. In addition to industrial accidents they include – water pollution, dust from mining and waste tips, higher incidences of cancers; waste tips blotting the landscape and contributing to smog; loss of wilderness areas for hunting, fishing and wildlife; and the destruction of entire villages to enable mine expansion. For more info see our 2018 report, Slow Death in Siberia.

Coal Action Network and Russian environmental group Ecodefense met with HSBC in 2016. HSBC told us that in order for them to consider ending investments in a coal company there needs to have been an accident killing at least 5 people. HSBC are you financing SDS-UGOL?

This tragic loss of life in Russia is strongly linked to the UK and other European nations which consume coal from the Kuzbass. While the UK plans to phase-out coal power in 2024, some of the coal remaining in British stockpiles at power stations could well have been mined at Listvyazhnaya.

Our thoughts are with the bereaved families and the entire community surrounding this mine.

Sources include: https://www.theguardian.com/world/2021/nov/25/dozens-trapped-underground-in-siberia-after-fatal-coalmine-fire, https://www.france24.com/en/live-news/20211125-six-dead-dozens-missing-after-siberia-coal-mine-accident

Activists hold a Climate Justice Memorial at Chubb Insurance, Newcastle

Last Friday 29th October, on the eve of COP26 climate talks, Coal Action Network, Extinction Rebellion North East and Newcastle Youth4Climate set up a climate justice memorial at Chubb Insurance (116 Quayside). 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. Members of local campaigns against coal mining - from West Cumbria, Dewley Hill and Pont Valley - also spoke at the memorial.

Jack from Newcastle Youth4Climate said "In our memorial, we remember the damage the climate crisis has caused and reflect on what the future may hold for our planet and its young people. By doing this, we are reminding the companies on our doorstep that they are directly profiting from and responsible for the loss of lives, nature and communities from the climate crisis."

Chubb Insurance is a syndicate of the Lloyd’s of London insurance market. Composed of many underwriters and insurance companies, Lloyd’s and its members are known for insuring projects that no one else will, which increasingly includes climate-destroying fossil fuel projects. Without this insurance, these projects would struggle to succeed, making insurance a major weak spot for the mining industry.

In 2020, Lloyd’s published an Environmental, Social and Governance 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. 

Protesters were joined by activists from West Cumbria, Defend Dewley Hill and Protect Pont Valley, who spoke about their experiences of resistance to extractivist coal projects in their communities, and why financial companies like Lloyd’s need to urgently rule out insuring them. The memorial also used soundscapes from testimony previously compiled, including those of members of the Pacific Climate Warriors and of the Wangan and Jagalingou People (who are the traditional custodians of the land where Adani want to build the Carmichael coal mine), insured by Lloyd’s and Chubb.

June Davison, from the Campaign to Protect Pont Valley said: “We have seen first hand the damage that opencast coal extraction can cause, and the destruction for local communities. We have learned that the opencast site that Banks operated near our home was minute compared to mining in other parts of the world, including the Hambach Forest in Germany and the Adani mine in Australia. We know that financial institutions have supported opencast in the North East of England, and it is short sighted that Lloyd’s would insure the most devastating fossil fuel in existence.”

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 viewable online at: https://lloydsclimatememorial.org/ .   

This action is the latest to target Lloyd’s of London and Chubb Insurance, including a previous action that happened in May at the same location. The action today forms part of a Defund Climate Chaos day of action, with groups across the world taking similar actions on the doorsteps of a range of financial and insurance institutions. On the same day, in the morning in London, Coal Action Network facilitated a climate memorial at Lloyd’s HQ

Johnson's first comment on proposed Cumbrian coal mine

On the first day of the Conference of Parties Climate summit (COP26) in Glasgow Boris Johnson for the first time has said that he is not in favour of a new coal mine in the UK.

Exactly what Boris Johnson said can be heard here: https://twitter.com/NiranjanAjit/status/1455107998481850371

Johnson has since reiterated the statement that he doesn't want more coal mines but fails to acknowledge that as the Prime Minister he can stop it happening, while putting too much faith in carbon capture and storage to enable oil and gas projects in the UK.

Tommy Greene tells the story in Left Foot Forward.

"Campaigners seize on Boris Johnson’s opening day coal comments at COP26

'A new coal mine in Cumbria would result in approximately an additional 9 million tonnes of carbon emissions being released every year to 2049 and so is unacceptable'.

Coal mine

Environmental groups have urged Boris Johnson to show he is serious about climate change by axing plans for a new coal mine in west Cumbria, after he appeared to signal opposition to the scheme.

The use of coal in energy production and industrial processes has long been set to occupy one of the highest-priority positions on the agenda at the Cop26 UN climate talks, billed as ‘last chance saloon’ to keep global warming within the relatively-manageable levels of 1.5C that scientists forecast.

Yet, critics say, the UK government’s attempts to facilitate ambitious new international pacts around fossil fuel divestment have been complicated by the protracted battle over what would be the UK’s first new deep coal mine in more than 30 years near Whitehaven, along the Cumbrian coast.

Its hopes of positioning itself as a climate leader internationally have also been undermined by the bitter row that has emerged from the mining application, which has placed ‘Red Wall’ Tory MPs at odds with some of the government’s leading ministers and chief climate scientists.

After having waved through the plans – citing the importance of ‘local’ concerns – Boris Johnson’s administration was pushed into calling a public inquiry earlier this year, following weeks of pressure from civil society and from quarters within his own government.

He has also infuriated former mining communities when he claimed during the summer that pit closures under Margaret Thatcher had given the UK a “big early start” in the fight against climate change.

But, this morning, the UK Prime Minister for the first time indicated that he was personally opposed to the proposals to extract around 2.7 million tonnes of metallurgical (or coking) coal from underneath the Irish seabed each year, in a project that could run until 2049.

“I’m not in favour of more coal,” he told The BBC. “But it is not a decision for me, it is a decision for the planning authorities.”

The planning inspector presiding over the Cumbrian application is due to publish his recommendations coming out of the four-week-long inquiry that was eventually held into the proposed scheme in September.

But, contrary to Johnson’s suggestion, the final decision rests with Whitehall and will be handed down by the minister for levelling up, housing and communities, Michael Gove.

Consequently, environmental organisations campaigning against the controversial project in west Cumbria have sought to hold Johnson’s feet to the fire in light of the comments.

Anne Harris, from the Coal Action Network, told Left Foot Forward such a move would be key to avoiding further international embarrassment for the UK and would “indicate the government is serious about tackling climate change.”

She said: “A new coal mine in Cumbria would result in approximately an additional 9 million tonnes of carbon emissions being released every year to 2049 and so is unacceptable.

“Boris Johnson’s comment today that the proposed Cumbrian coking coal mine shouldn’t go ahead is a really positive step. However, the Prime Minister can stop this application from going ahead by requiring that all Government departments implement their own Government’s Net Zero commitment in all decisions, which is a logical step.

“It would indicate the government is serious about tackling climate change. For example, the Department for Levelling Up, Housing and Communities could include Net-Zero as the threshold for any new planning consideration in Michael Gove’s upcoming Planning Bill.

“That would avoid the next coal mine application embarrassment for the government.”

Friends of the Earth, meanwhile, stressed that an exemption could not be made for coal with industrial end use after a series of proposals to extract thermal coal for UK power stations were defeated last year. It is thought that around 15% of the coal dug up by West Cumbria Mining Ltd (WCM) would go towards domestic steelmaking, with the remainder to be exported.

“Actions speak louder than words,” campaigner Tony Bosworth told Left Foot Forward.

“If Boris Johnson is not in favour of more coal, why did it take his government so long to ‘call in’ planning permission for a new coal mine in Cumbria?

“The prime minister’s push for an early end to coal must cover industrial uses too, not just power generation. The climate doesn’t differentiate between the two.”

He also blasted Johnson for suggesting the upcoming decision simply lay with local bodies or planning authorities – a position that saw the government threatened with legal action earlier this year.

He said: “It’s not local planning authorities who will decide if the Cumbria coal mine is built, as Boris Johnson appears to believe.

“The final decision will rest with his government, based on the evidence presented at the recent public inquiry, which overwhelmingly showed permission should be refused.”

WCM has been contacted for comment.

Tommy Greene is a freelance journalist" [copied from an article on Left Foot Forward]

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.

Climate Justice Memorial at Lloyd’s of London

Today [8th October 2021], protesters from Coal Action Network set up a climate justice memorial at the Lloyd’s of London Head Quarters. Lloyd’s accounts for 40% of the total global energy insurance premium and is a key influencer in the global insurance industry. The climate memorial was set up to remember communities on the front lines of climate breakdown who are directly impacted by harmful projects and climate impacts. 

The memorial involved hundreds of flowers and floral wreaths, saying "REMEMBER - RISE - RESIST" and naming some of the projects which Lloyd's must commit to excluding from its insurance cover, being laid outside the Head Quarters. Testaments from communities on the front lines of fossil fuel projects and climate impacts were read out and delivered to staff in the building.

Protesters from Coal Action Network set up a climate justice memorial at Lloyd’s of London to remember communities on the front lines of climate breakdown who are directly impacted by harmful projects and climate impacts. The memorial involved hundreds of flowers and floral wreaths being laid outside. Flowers with over 600 individual messages from people across the UK were handed out to staff going in and out of the Lloyd’s building. Staff were asked to speak to senior management in Lloyd’s about ruling out insuring all fossil fuels, as well as, various fossil fuel projects including the Adani Coal mine, tar sands TransMountain pipeline, West Cumbria coal mine, and the Cambo oilfields. The group also called for Lloyd’s to pay compensation for climate impacts. This action is the latest to target Lloyd’s of London and the memorial is the first of many being planned.

Elara from Coal Action Network said “Through the memorial we will bring 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 to rule out underwriting today, and help to prevent billions of lives being destroyed by climate impacts.”

Flowers with over 600 individual messages from people across the UK were handed out to staff going in and out of the Lloyd’s building. Staff were asked to speak to senior management in Lloyd’s requesting Lloyd's ruling out insuring all fossil fuels, as well as, various fossil fuel projects including the Adani coal mine, tar sands TransMountain pipeline, West Cumbria coal mine, and the Cambo oilfields. The group also called for Lloyd’s to pay compensation for the 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 in a series by several different groups to target Lloyd’s of London. Previous actions have included fake coal being dumped outside the building, green paint being thrown on various insurance offices and thousands of people contacting staff to ask them to stop underwriting fossil fuels.

This memorial is the first of many being planned. On the 29th October, as part of a Defund Climate Chaos day of action, groups across the world will take similar actions on the doorsteps of a range of financial and insurance institutions. Coal Action Network confirms that we will be returning to Lloyd’s Head Quarters on that date. Join us on the 29th in London or Newcastle Upon Tyne.

Final day of public inquiry into proposed Cumbrian coking coal mine

South Lakes Action on Climate Change (SLACC) has been instrumental in the battle against a proposed 2.78 million tonne a year coking coal mine, proposed for West Cumbria.

The group have written this (slightly edited) update for today, the final day of the Public Inquiry.

"It has been an extraordinary 4 weeks. International scientists and climate experts presented evidence against the proposed Cumbrian coking mine on behalf of SLACC and Friends of the Earth, while WCM made almost daily amendments to its proposals and evidence to try and defend its position.

It is clear from the evidence given that the WCM mine will not be "net zero" in terms of carbon, and granting it permission would make it harder for the UK to meet the urgent challenge of climate change

With your help, SLACC has managed to bring together an amazing team of professionals, academics and experts to try and stop the mine. SLACC is a small charity with less than 100 members, but with your help, we have made a coherent and well researched case against new coal mines.  There is no time for delay.

You can watch the Inquiry live on Youtube as the final scenes play out, or scan through each day at your leisure afterwards.

Paul Brown, the Barrister for Friends of The Earth is scheduled to start his Closing Statement at about 1pm. It might be later, because the discussion on planning conditions in the morning may "overrun".

Estelle Dehon for SLACC may start at about 2.30pm, followed by West Cumbria Mining.

Rebecca Willis, Professor in Energy & Climate Governance, Lancaster University has been watching the Inquiry and said today “West Cumbria Mining claims that the planning inspector should ignore the carbon emissions that come from burning the coal from the mine. But the climate won’t ignore these emissions. The UK has a legal commitment to far-reaching climate action, and this mine takes us in exactly the wrong direction.”

The team at SLACC is hoping that we will not be too far "out of pocket" when our last few invoices come in, but are keeping our fundraising page open for now in case!"

The digital inquiry closes today. The inspector will then privately deliberate the evidence presented, write up a report and make a recommendation to the Secretary of State, who is now Michael Gove. In turn Michael Gove will look at the report and decide whether or not the mine can go ahead. There is no timetable released for the completion of the report, nor a date for when the government will make a decision.