'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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Risk

Global Briefing: Europe endures worst wildfire season on record
Risk

Global Briefing: Europe endures worst wildfire season on record

Europe's fire season has been the most damaging on record, data shows China's carbon emissions fell in the first half of the year, and plans advance for Sweden's first small modular reactor

James Murray
James Murray
clock 22 August 2025 • 8 min read
Green claims under scrutiny: Why businesses must rethink their sustainability sign-off
Risk

Green claims under scrutiny: Why businesses must rethink their sustainability sign-off

Now is the time to take stock, tighten systems, and put rigour at the heart of how sustainability is communicated, writes Kerry Stares from law firm Charles Russell Speechlys

Kerry Stares, Charles Russell Speechlys
clock 20 August 2025 • 5 min read
Heat belongs in every company's climate portfolio
Risk

Heat belongs in every company's climate portfolio

With heatwaves, drought and wildfires intensifying worldwide, companies adopting a heat-focused, total climate accounting approach can reduce risk and boost their market leadership potential, writes Kiff Gallagher from the Global Heat Reduction Initiative...

Kiff Gallagher, Global Heat Reduction Initiative
clock 15 August 2025 • 3 min read