Check out my new blog on Substack: Swiss Climate Rambles! Subscribe to the free newsletter and join me on a tour of the peaks and abysses of Swiss climate policies. https://swissclimaterambles.substack.com/p/swiss-climate-rambles

Revealed just now in The Ferret: 15 insurers and brokers - including Lloyds of London, Mapfre and Marsh - are underwriting the expansion of North Sea oil extraction in the face of the growing climate emergency. https://theferret.scot/revealed-insurance-players-entangled-north-sea-oil/

“The US oil companies are living in a fantasy land,” says outgoing climate champion Nigel Topping. “There’s still some quite big heads in the sand. But they will die. They cannot survive. Their Kodak moment is nigh.” https://www.theguardian.com/environment/2023/jan/09/net-zero-possible-in-2040s-says-outgoing-uk-climate-business-expert-nigel-topping?CMP=share_btn_tw

“Insuring the #Whitehaven coal mine is insuring climate chaos",
Coal Action Network UK warns. “It’s late-stage capitalism that the insurance industry insure climate-related damage whilst insuring projects that drive climate change.” 👀 Looking at you in particular, Lloyd's of London! https://www.postonline.co.uk/news/7952465/insurers-slammed-for-insuring-climate-chaos-with-uk-coal-mine#

#KoreanRe, the world's 13th biggest reinsurer, finally adopted a coal exit policy. Unfortunately the policy has so many loopholes it needs serious improvements to meet international standards. Read the critique by our Korean partner Solutions For Our Climate at https://global.insure-our-future.com/south-koreas-only-reinsurer-announces-to-drop-new-coal-but-with-loopholes/

More good news from the #StopEACOP campaign: AEGIS and Arch, two major fossil fuel underwriters, join 19 other insurers in ruling out support for the East Africa Crude Oil Pipeline. Grassroots pressure works! https://global.insure-our-future.com/arch-insurance-aegis-london-respond-to-pressure-rule-out-eacop/

👏 Fantastic news: a Queensland court recommends not to approve a new 40 mt/y coal mine on climate, human rights and indigenous rights grounds. 🔥 "Where ever the coal is burned, the emissions will contribute to environmental harm, including in Queensland." 👏
https://www.theguardian.com/australia-news/2022/nov/25/court-finds-clive-palmers-queensland-coalmine-will-harm-future-generations-in-landmark-climate-ruling

🔥 Big success for the #StopEACOP campaign: Britam Holdings, a large East African financial group, joins 18 other companies in pledging not to insure the EACOP pipeline. 👏 Insurance broker Marsh is still involved and Lloyd's of London has so far remained silent on the project. 🔥 https://www.inclusivedevelopment.net/ifc-campaigns/eacop-violates-ifc-environmental-and-social-standards/