Lloyd’s of London Human Chain

Protesters joined arms around the whole of the iconic Lloyd’s of London building. The human chain lasted many hours, supported by beats from the samba band and performance from the ‘Discobedience’ dance group. There were speeches by Cumbrian activists and our own Will Attenborough from Coal Action Network.

Pub Charm-Offensive

Groups of friendly creatives, including Clowns and Crude Oil Mechanicals, visited the favourite watering holes of City workers at the Leadenhall Market, engaging insurance workers in discussion about the dangers of insuring new oil, coal and gas. Accompanied by the samba band, they gave out ‘Insure Our Future’ branded coasters.

Palestine Solidarity = Climate Justice

A coalition of 12 climate justice groups came together in a moment of solidarity with the people of Palestine. A border wall was erected in front of the AXA building in London, to highlight the company’s continued investment in Israeli banks that fund an apartheid system and occupation of the West Bank. The coalition also demanded that AXA, as the 6th biggest fossil fuel insurer in the world, stops insuring all new oil, gas and coal expansion.

Actions across the country

🔥 From Glasgow to Manchester, Birmingham to Brighton – local groups across the UK took to the streets to hold big insurers to account; including Zurich, Hiscox, Tokio Marine, AIG, Chubb, M S Amlin, QBE and AXA.

🌪️ Braving wild weather with courage and creativity actions included blockades, rallies, marches, occupations, letters, outreach and street theatre!

In Manchester, northern activists from a variety of climate action groups came together for a rally.

In Bristol rebels and Just Stop Oil activists held the roof of Tokio Marine overnight for 30hrs!

But we’re not stopping there. We’re going to ramp up pressure on the big insurers who are still choosing short-term profits over a safe future for our loved ones.

With your help, we can persuade major corporations AIG, Tokio Marine and Hiscox, to rule out involvement in EACOP.

From 26th Feb to 3rd March, we will be taking part in a Global Week of Action – with citizens from Africa to Latin America getting out on the streets and telling insurance companies to protect our future, not fossil fuels.

Sign up here to find exciting events near you.

The Global Week of Action is a perfect opportunity for us to win more victories in the fight against EACOP. Young people in Uganda and Tanzania have been bravely taking the lead, protecting their communities from exploitation and rising temperatures. Alongside Insure our Future and StopEACOP, Coal Action Network is standing in solidarity with them, holding insurance companies to account for their involvement in a dirty project that would endanger local people, and harm vital ecosystems.

We also heard on the grapevine that EMR Capital PTY, the ultimate owner of the proposed West Cumbria coal mine (WCM), was attending in the desperate hope of raising the £230 million still needed to start the WCM. So local campaigners from Cumbria came all the way to London to deliver a message to potential investors in WCM—steer clear! To further ruin EMR Capital PTY’s plans, they also handed investors a risk assessment, provided by BankTrack, outlining risks specific to the proposed WCM proposal. Two other coal mining companies were present at the conference too.

There’s many alternatives we must take instead of clawing the ground up to reach the minerals beneath, and that is where investment is needed. For example, we need:

1. better closed-loop recycling and reuse
2. new technologies and the efficiencies they can bring
3. the eradication of planned obsolescence
4. a reduction and prioritisation in what we consume

This would truly be ‘resourcing tomorrow’—the strapline for this year’s Money & Mining conference. Instead, the conference encourages investment in the rush for remaining minerals, fuelling human rights abuses, land grabs, destruction of local eco-systems, and climate change.

We call out the host of this disastrous conference, the Business Design Centre, which boasts its ethical ‘B-Corp’ status. You might want to raise your concerns with the certifying body about giving these hosts any kind of ethical certification (certification@bcorporation.uk), pointing out that at least three fossil fuel companies advertising coal mines and oil production were touting for investment at the conference (BHP, ADX Energy, and Teck).

In London, protesters dressed in iconic Total red boiler suits and held banners saying “Solidarity with East Africa” and “Sinosure drop EACOP”. The group protested for an hour and handed in a petition signed by thousands of directly impacted citizens opposed to the planned 1443 km pipeline. They were met with two police vans and eight police officers blocking the main door to the Sinosure building at 85 Gresham Street, London. This made for a ratio of two or more police officers per protester. Meanwhile, in Uganda seven activists were arrested for holding an anti-EACOP banner.

Clearly, banks and insurers are afraid of people-power, and are trying to push carbon bomb projects through  at the cost of human freedom and natural ecosystems.

However, activists see a golden opportunity to delay and ultimately stop EACOP. According to recent reports, 100km of the pipeline has been produced by Chinese manufacturers and is being shipped to Tanzania, while wells are being drilled in Kingfisher and Tillenga oil fields in Uganda. But, EACOP cannot get its crucial funding without Sinosure’s support, who are expected to make a decision by April 2024 after repeated delays.

The powerful work of campaigners and frontline communities has stopped EACOP in its tracks time and again. As we approach the New Year, the movement is ready to end this project for good and amplify the African voices calling for green jobs and a safe future.

Community members from Cumbria and Uganda joined the protest, sharing the united call to insurers and banks to stop underwriting deadly fossil fuel projects. The West Cumbria Mine will break the UK government’s legally-binding net zero emissions target and the massive 1443 km East Africa Crude Oil Pipeline will wreak havoc on communities, jeopardise ecosystems and water supplies and eliminate the possibility of Earth remaining habitable. There can be no new fossil fuels anywhere if global heating is to remain under 1.5C. Neither project will be able to go ahead without financial backing.

The protesters were joined by Patience Nabukalu, a youth activist from Fridays for Future Uganda who said:
“We have gathered here today to demand that insurers cut ties with the EACOP. By supporting this deadly fossil fuel project they undermine any climate commitments they have made. People in Uganda are facing human rights violations in the name of this project. This has to end.”

Insurers from Lloyd’s of London have come under increasing pressure to rule out offering insurance to both the West Cumbria coal mine and EACOP, facing protests at offices across the UK with hundreds of students entering the job market refusing to work for them.

Claude Fourcroy, a spokesperson for Money Rebellion said: “We are calling on all the banks and insurers behind the West Cumbria mine and East Africa Crude Oil Pipelines to cut their ties now. Both of these projects will fuel climate breakdown. Lloyd’s of London and the insurers in its market sit at the centre of a web of climate wreckers in the City of London, alongside Barclays and HSBC.”