People power works! Relentless mobilisation from
activists like you, Vladimir, and communities on the frontlines
has just made Munich Re rule out insuring the disastrous
East African Crude Oil Pipeline (EACOP).
This month, more than 29,000 SumOfUs members had called on the
reinsurer's CEO, Joachim Wenning, to do the right thing for the
planet and end its ties with the disastrous pipeline -- his decision
to listen to our calls is a powerful reminder of the real magic of
people’s mobilization.
However, Munich Re still does not have a comprehensive and global
oil and gas policy. This means other toxic projects similar
to EACOP – but less infamous — could still go ahead.
Let’s strike while the iron is hot! In the lead
up to their Annual General Meeting, let’s put Joachim Wenning
under the spotlight to get him to go the whole hog and rule out all
new oil and gas projects globally:
Email
Munich Re’s CEO and demand he publish a world-leading oil and gas
policy to make sure fossil fuels stay in the ground where they
belong.
We are enormously grateful to the tens of thousands of SumOfUS
members who forced Munich Re, alongside other frontline groups, to
pull out of the East African Crude Oil Pipeline last week.
Momentum is clearly building. Insurance
companies are waking up to the reality that the breakdown of the
climate means not only the destruction of their business models, but
the beginning of a global humanitarian and environmental crisis.
Just last week, Allianz, one of the world's largest oil and
gas insurers, followed Munich Re and decided to rule out the EACOP
pipeline too!
But the movement can’t stop with one project. It is imperative
that Munich Re listen to the science and publish a world-leading oil
and gas policy so that all new oil and gas projects, not just EACOP,
are abandoned - only that way can we ensure a 1.5 °C limit in the
temperature rise. This decision could easily be made at
their AGM on 28 April 2022. The problem is, the initiative
is facing a lot of backlash and opponents and fossil fuel lobbies
are doing their best to block the policy.
Vladimir, let’s show Munich Re's CEO that people’s power can't be
ignored:
Email
Munich Re’s CEO and call on him to publish a world leading policy
that immediately excludes insuring or investing in any new oil and
gas projects globally in line with a 1.5C limit.
