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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

The landmark Lloyds building seen behind a temporary traffic signal.
The Top 10 individual insurers of fossil fuel projects are: Aegis; the People’s Insurance Company of China; Russia’s Sogaz; Germany’s Allianz; France’s Axa; Canada’s Fairfax Financial; Switzerland’s Zurich; and the US insurers Chubb, WR Berkley and AIG. Photograph: Andrew Winning/Reuters

Insurers operating in the Lloyd’s of London market are the world’s biggest underwriters of fossil fuel projects, research has found.

Fifty years after the insurance industry first warned about the impact of the climate crisis, it is continuing to contribute to the climate emergency, the Insure Our Future campaign, a global group of 24 NGOs, said in its annual “scorecard” on 30 major insurers and their involvement in fossil fuels.

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