'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

WWF: Bank of England 'must do more' to address climate and nature risks

WWF: Bank of England 'must do more' to address climate and nature risks

Bank urged to better account for climate impacts and ramp up efforts to boost green growth

Stuart Stone
clock 03 November 2025 • 3 min read
'National priority': England warned to prepare for ongoing drought into 2026

'National priority': England warned to prepare for ongoing drought into 2026

The National Drought Group warns large parts of the country remain in drought which could exceed into next year, following one of the driest springs and warmest summer on record

clock 31 October 2025 • 5 min read
'Vicious cycles': Could climate impacts 'derail' the clean energy transition?

'Vicious cycles': Could climate impacts 'derail' the clean energy transition?

Major new report urges business and policymakers to respond to escalating 'derailment risks', which could quickly undermine the global clean tech boom

James Murray
clock 28 October 2025 • 5 min read