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.
Lloyd’s of London Chairman, Bruce Carnegie-Brown, has reportedly offered an ‘olive branch to eco-activists.’ Having listened to his comments, we’re not so sure – and we certainly won’t be placated until the insurance industry’s actions start speaking louder than their words. Read our response to the latest greenwashing from the insurance industry.
Talanx, Germany’s third largest insurer, is the latest (re)insurance company to confirm to the #StopEACOP Coalition that they will not underwrite the East African Crude Oil Pipeline (EACOP).
Insurance providers Argo Group and Axis Capital, both Lloyd’s of London members, and RSA Insurance Group Limited, a leading UK insurer, have announced they will not be involved in underwriting the East African Crude Oil Pipeline (EACOP) project.
Last Thursday, 18th May, Coal Action Network protested outside of Lloyd’s of London, for their role in insuring the expansion of the Trans Mountain Pipeline (TMX) and the East Africa Crude Oil Pipeline (EACOP).
Lloyd’s of London new Environmental, Social and Governance (ESG) Report, published two days ahead of its Annual General Meeting on May 19, exemplifies many of the worst aspects of corporate greenwashing.
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.
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.
