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.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.
Major Lloyd’s of London insurer Brit is the latest firm to rule out insurance for Adani’s controversial Carmichael coal mine project.