'Climate emergency': Insurers urged to step away from oil and gas projects in wake of coronavirus crisis

Cecilia Keating
clock • 6 min read

Letter sent to the world's biggest insurers from the Insure Our Future campaign urges sector to respond to the disruption to oil and gas markets caused by the pandemic by advancing fossil fuel phase out policies

A coalition of green groups have appealed to insurance companies to stop backing new oil and gas projects, stressing the policy would allow the sector to play a decisive role in turbocharging the transition...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash

'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash

New study explores how businesses can respond to volatile geopolitical pressures, while continuing to advance sustainability efforts

Stuart Stone
clock 07 April 2025 • 7 min read
Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding

Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding

Schemes protecting more than 52,000 homes and businesses from the dangers of flooding to be built or repaired under latest funding round

Stuart Stone
clock 31 March 2025 • 5 min read
US financial watchdog votes to drop legal defence of climate disclosure rules

US financial watchdog votes to drop legal defence of climate disclosure rules

US Securities and Exchange Commission will no longer defend rules it adopted only a year ago that require firms to report on their climate risks and greenhouse gas emissions

Eve Maddock-Jones
clock 28 March 2025 • 3 min read