Australian insurer Suncorp to ditch coverage for oil and gas projects

clock • 3 min read

Landmark pledge makes Suncorp the first major insurer to adopt any policy restricting underwriting for oil and gas

Australian insurer Suncorp will no longer underwrite any new oil and gas exploration projects with immediate effect, in addition to phasing out all underwriting and financing for such projects altogether...

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 Investment

Subsea trenching firm Enshore Subsea secures £100m funding boost

Subsea trenching firm Enshore Subsea secures £100m funding boost

Investment to help accelerate delivery of offshore energy projects, including three German North Sea contracts and cable installations in Scotland and Senegal

clock 29 January 2026 • 2 min read
Low Carbon raises £500m for European renewables pipeline

Low Carbon raises £500m for European renewables pipeline

New funding package to help drive clean energy company’s expansion plans in the UK, Germany, and Poland

clock 28 January 2026 • 2 min read
UK backs ocean protection and climate poverty projects with £14m funding

UK backs ocean protection and climate poverty projects with £14m funding

At least eight projects backed by OCEAN Grants Programme to protect marine habitats, improve food security, and support thousands of jobs

Stuart Stone
clock 26 January 2026 • 3 min read