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

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
Global Briefing: Mexico completes record sustainable bond issuance

Global Briefing: Mexico completes record sustainable bond issuance

Mexico builds on its green bond momentum, China reports fall in fossil fuel generation, and the last Czech deep coal mine is to close

James Murray
clock 23 January 2026 • 5 min read
Drax inks £42m deal to acquire Flexitricity

Drax inks £42m deal to acquire Flexitricity

Acquisition set to bolster energy giant's position in the fast-growing energy storage and flexible grid sectors

clock 21 January 2026 • 2 min read