'A strong message': Insurance giant Swiss Re unveils plan to restrict cover for new oil and gas projects

Michael Holder
clock • 3 min read
Swiss Re is the first major insurer to back away from most oil and gas projects | Credit: iStock
Image:

Swiss Re is the first major insurer to back away from most oil and gas projects | Credit: iStock

Swiss firm confirms it will no longer provide insurance for new oil and gas projects unless developers can show they have credible net zero transition plans

Swiss Re has said it will no longer provide insurance for most new oil and gas projects, as the world's second biggest insurer unveiled plans to tighten its policies for providing cover to fossil fuel...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Risk

'Chronically underfunded and overlooked': CCC slams government's climate adaptation efforts, again

'Chronically underfunded and overlooked': CCC slams government's climate adaptation efforts, again

Report warns UK is failing to mobilise sufficient investment in climate resilience measures

James Murray
clock 01 February 2023 • 6 min read
UK CEOs more likely than international peers to have climate plans in place

UK CEOs more likely than international peers to have climate plans in place

UK CEOs are more likely to have detailed plans to reduce emissions, with one-in-five fearing their business will not be economically viable within a decade

Stuart Stone
clock 20 January 2023 • 3 min read
The Evian Loop bottle is made from 100 per cent recycled plastics | Credit: Evian

Danone facing court threat in France over 'inadequate' plans to tackle plastic use

ClientEarth claims French food and drinks giant is among world’s biggest plastic producers, but is failing to take adequate action to reduce its footprint

Michael Holder
clock 11 January 2023 • 4 min read