'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

We're going to need some learned assertiveness

We're going to need some learned assertiveness

The Trump administration may be bent on undermining global climate action and engineering an oil boom, but governments and businesses still have it within their power to accelerate decarbonisation

James Murray
clock 09 January 2026 • 4 min read
Oil prices dip as markets respond to US attack on Venezuela

Oil prices dip as markets respond to US attack on Venezuela

Analysts weigh potential impact on global oil glut, as President Trump signals US will 'run' Venezuela and exploit country's oil reserves

James Murray
clock 05 January 2026 • 5 min read
North Yorkshire Council urged to delay Burniston fracking decision

North Yorkshire Council urged to delay Burniston fracking decision

Friends of the Earth urges council to wait until draft changes to national planning policy are finalised before deciding whether to give go-ahead to controversial fracking project

clock 23 December 2025 • 5 min read