Zurich Insurance Group Ltd. said it will stop insuring new oil and gas projects.
Tag: oil and gas
Chubb Insurance Demands Energy Producers Cut Methane Emissions for Coverage
Global insurer Chubb Ltd. is tightening its requirements on insurance policies for oil-and- gas producers, demanding that they reduce emissions of methane, a potent greenhouse gas.
Insurers Continue to Drive Meaningful Action in Refusing to Finance Oil and Gas
In the run-up to COP27, insurers appear to be the financial services sector driving meaningful action, as banks seek to refine their commitments as members of the Glasgow Financial Alliance for Net Zero (GFANZ) and Race to Zero coalitions.
Allianz Toughens Oil & Gas Policy to Help Meet Climate Goal
Allianz, Europe’s largest insurer, plans to take a tougher stance on insuring the oil and gas industry as part of efforts to align its underwriting policies with the global climate goal, the company announced on Friday. The move is the latest by a major insurer to reduce insurance to the energy sector, which is a… Continue reading Allianz Toughens Oil & Gas Policy to Help Meet Climate Goal