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*[Enwl-eng] Stop insuring Amazon destruction

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Jan 21, 2022, 11:28:24 AM1/21/22
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AXA wants to insure Brazil’s massive offshore oil expansion -- and still call itself a “climate leader”.

The insurance giant is finding gaps in its own “green” commitments to help drill this Great Amazon Reef. Can you call on AXA to pull out of disastrous oil and gas projects?

 Sign the petition 

Blue whales, coral reefs, rare dolphins… the Amazonian coast in Brazil sounds idyllic doesn’t it? But to AXA, it’s destruction is just another money making scheme.

A bombshell report has just revealed how the French insurer has been finding gaps in its own "green" fossil fuel policy -- to insure exploratory oil and gas operations in what’s been called “the Great Amazon Reef”.

You helped force AXA to adopt its landmark oil and gas policy last year. But it appears their policy is still far too weak, too flimsy, and hypocritical, leaving the door open for more climate-killing oil and gas exploitation.

Vladimir, nightmare oil expansion can’t go ahead without insurance. If we raise a huge, global outcry today -- we can call out AXA’s climate hypocrisy, and make oil and gas drilling in places like the Amazon totally uninsurable.

AXA: honor your self-proclaimed climate leadership. Stop all new oil and gas expansion!  

AXA was hailed as a leader on climate at COP26 last year when it adopted its new progressive oil and gas policy. Nevertheless, hidden beneath the waters of Brazil's western Amazonian coast, the insurer is continuing to insure dirty fossil fuel companies who are intent on ravaging precious ecosystems for petrodollar profits.

Brazil’s Atlantic coastlines are some of the world's richest in terms of biodiversity, home to many critically endangered species, such as manatees, dolphins, whales, and sea turtles. But underlying this landscape are massive reserves of oil and gas that have become juicy targets for planet-wrecking companies. And this new report shows AXA is all too keen to insure them, all the while touting its "progressive" oil and gas policy.

But Vladimir, you’ve pushed AXA to do better for the planet before. So you can do it again.

With our friends at Reclaim Finance and Insure Our Future, we’re telling AXA to put its money where its mouth is by ending financial ties to these projects, and close the loopholes in its flimsy green policies.

Will you join us again, Vladimir?

AXA: don’t insure oil and gas drilling in the Great Amazon Reef, or anywhere! 

 Sign the petition 

Thanks for all that you do,
Leyla, Charles and the team at SumOfUs


********** 
More information:
 
 
Insure Our Future, 20 January 2022
 
 
Nathan Andrews, May 2021 
 
 
 

 

 


SumOfUs is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t.

Please help keep SumOfUs strong by chipping in $3

 
Sent: Friday, January 21, 2022 5:00 PM
Subject: AXA: Stop insuring Amazon destruction

 

 


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