After great success pulling insurance out from under Adani’s Carmichael coal mines and the East African Crude Oil Pipeline (EACOP), Coal Action Network is taking insurance campaigning to the struggles for wider climate justice, Palestine liberation and migrants’ justice.
Boycott Bloody Insurance draws on successes so far - 40 insurers ruling out Adani’s Carmicheal coal mines in Australia, 29 insurers ruling out EACOP and many more ruling out and stalling similar controversial projects.
Through public pressure and grassroots organisation, the boycott aims to disrupt the financial lifelines that sustain these destructive industries and pressure insurers to cut their ties. Without insurance, deadly companies – like Elbit, BP, Maersk, and Serco – would be unable to operate.
It is no coincidence that it is the same handful of insurers – AIG, AXA, Aviva, and Allianz – insuring and investing in the key companies driving the destruction of our planet, the Israeli genocidal project in Palestine, and migrant detention in Britain. These issues and the movements resisting them are connected.
By bringing together movements for Palestinian liberation, migrant justice, and climate justice, we can build a powerful movement able to get our day-to-day institutions across Britain – including charities, trade unions, councils, and cultural institutions – to boycott bloody insurers and switch to more ethical options.
Find out more about the campaign at boycottbloodyinsurance.org.
Without insurance, new fossil fuel projects cannot be built and most existing ones cannot continue to operate. While some insurers have started to rule out underwriting a few coal projects, the sector continues to wreck our climate by supporting ever more coal mines, gas pipelines and oil fields.
These projects are often built on stolen land and poison local communities. The impacts of climate chaos will destroy the lives of billions of people, devastating already exploited communities first. Right now, millions of people are losing their homes, livelihoods and food security to natural disasters. Thousands are losing their lives. The response from insurance companies is to increase their profits by cutting off insurance from the communities on the frontline of climate change.
Across the world, communities are standing up to the insurance industry to stop fossil fuel projects. We stand in solidarity with them to demand climate justice. The insurance industry must stop underwriting fossil fuel projects, divest their funds from fossil fuel companies, and pay reparations to communities for the loss and damage already being done.
The insurance industry found itself in the spotlight last week as a Global Week of Action blossomed across the world. From February 27th to March 3rd 2024, a wave of protests, both online and in the streets, swept through the doors of insurance giants, demanding accountability over their support for polluters and decisive action on climate change.
After a week of peaceful protest around the world, alongside hundreds of groups, our efforts have paid off. Yet another leading insurance company, Probitas, has ruled out insuring the proposed West Cumbria coal mine and the East African Crude Oil Pipeline (EACOP).
After months of campaigning, five more major insurance companies have announced they will not support the East African Crude Oil Pipeline (EACOP)!
People hailing from Cumbria to London, and everywhere in between, descended on the Mines and Money Conference in London across two days (28th-29th Nov 2023). We demanded that investors stop pouring cash into the mining sector, and instead invest in our collective future. Together with Fossil Free London and other groups, we greeted investors with…
The insurers that have ruled out underwriting the mine are AEGIS Managing Agency, Argenta Syndicate Management, Hannover Re and Talanx. These are the first financial institutions to rule out any involvement with the project, and the win represents a new phase in the campaign to stop the project from going ahead.
Today’s global actions focused specifically on the state-owned China Export & Credit Insurance Corporation (Sinosure), the Export-Import Bank of China (China Exim), and the Industrial and Commercial Bank of China (ICBC). Sinosure is said to be in advanced talks with the Ugandan government about providing credit for the project.
On 18th October dozens of protesters staged a sit-in occupation of the plush City of London offices of ten Lloyd’s of London insurers demanding they rule out insuring the proposed West Cumbria coal mine and East Africa Crude Oil Pipeline (EACOP).
Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests.
In March, leading climate scientists delivered a “final warning” on climate change: act now. We’ve got five actions you can take with us to keep the pressure on the governments, financiers, insurers, and fossil fuel companies that are pushing us deeper into climate crisis.
Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests.
Activists from the StopEACOP Coalition held an ‘oil spill’ demonstration outside the offices of Lloyd’s of London insurers, Talbot & Cincinnati Global Underwriting, to demand they rule out the controversial East Africa Crude Oil Pipeline.
Activists delivered thousands of messages from people around the world to all three of Probitas 1492’s UK offices, with the message: “Probitas, break up with Adani.” Find out how you can take action to cut of this toxic project’s insurance.
Four insurers ruled out EACOP in the past two weeks due to pressure from activists and engagement with campaigners, with Canopius the latest to distance itself from the mega-pipeline.
We need all insurance companies to rule out EACOP, and stop the toxic pipeline at its source. Next, we want Canopius Group, and Chaucer insurance to rule it out, and we know that constant pressure works.
Arch Capital Group Ltd and AEGIS London join the 19 (re)insurance companies ruling out the controversial East Africa Crude Oil Pipeline (EACOP) project.
Analysing 30 leading primary insurers and reinsurers, assessing their policies on insuring and investing in coal, oil, gas, the Insure Our Future 6th Annual Scorecard cuts through the greenwash
Four fewer banks and five fewer insurers on side with EACOP, and pressure is mounting on the remaining insurers and on Lloyds of London.
The East Africa Crude Oil Pipeline is a heated oil pipeline currently under construction. Once completed, it will stretch for almost 1,445 kilometres across Tanzania and Uganda – making it the longest heated crude oil pipeline in the world. The pipeline will disturb sensitive ecosystems…