Allianz raises the bar with the adoption of ambitious oil and gas exit policy

Mon, 6 Jun 2022 18:39:23 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://global.insure-our-future.com/allianz-raises-the-bar-with-the-adoption-of-ambitious-oil-and-gas-exit-policy/>

"Today, Allianz, currently one of the world’s biggest oil and gas insurers,
committed to stop insuring and investing in new oil and gas fields, new oil
power plants, practices related to the Arctic and new midstream oil
infrastructure as of January 2023, and will not renew existing contracts for
such projects as of July 1, 2023. Insure Our Future welcomes Allianz’s climate
commitment which raises the bar for the insurance industry, and calls on other
insurers to follow suit."

"Allianz is the 10th major insurance company to adopt oil and gas restrictions,
following recent policies from Swiss Re and Hannover Re. There is real momentum
now for all insurance companies to adopt oil and gas policies that align with
climate science."

Via Future Crunch May 16, 2022:
<https://futurecrunch.com/good-news-poverty-vietnam-wind-texas-ocean-conservation/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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