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Lloyd's of London

Lloyd’s provides insurance and reinsurance that supports and enables some of the world’s worst fossil fuel projects including coal mines, tar sands pipelines, and new oil & gas exploration. Their business plans are incompatible with keeping climate change under 1.5°C. In total, Lloyds insures 40% of the world’s energy. These practices are far from new. Lloyd’s has a long racist colonial past. Its wealth was built off a monopoly insuring the trans-Atlantic slave trade. Today, Lloyd’s continues to profit from underwriting projects that sacrifice Indigenous, Black, and brown communities on the frontlines of fossil fuel extraction and the climate crisis.

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Brit & Hiscox will never insure Adani coal mine

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

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