insurance Archives - Oil Sands Divestment

Insurance Giant Allianz Sets Oil and Gas Exit Strategy

This article was written by Mitchell Beer and originally published in The Energy Mix on May 1, 2022. The world’s fifth-largest insurance company, Munich-based Allianz, is withdrawing coverage and investment dollars from a wide swath of fossil fuel projects as of next year, and will stop insuring its existing fossil clients when their policies come…

Dear Evan Greenberg, Climate Leaders Don’t Insure Tar Sands Pipelines

This article was written by Elana Sulakshana and was originally published by Common Dreams on August 3, 2021. Canada’s Trans Mountain pipeline is an environmental and human rights disaster. It transports tar sands, one of the world’s dirtiest fossil fuels, from Alberta to Vancouver, across the territories of Indigenous Peoples who have made their opposition to…

Insurance industry seeks to limit fossil fuel exposure amid growing climate threat

This article was written by Amanda Stephenson and published by CTV News on August 22, 2021. With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure to the fossil fuel sector. “This was not an issue that was central in the insurance sector, even seven…