Our partners at Insure Our Future just revealed new data showing that the major insurance companies covering fossil fuels have also invested billions of dollars into this dirty industry.
In a climate emergency, we can’t afford even one more cent towards fossil fuel expansion.
But insurance giants including American International Group (AIG), Travelers, and Chubb are among the companies that have funneled over $59.7 billion into fossil fuels. This is simply unacceptable.
AIG had the largest fossil fuel investments of the bunch, with $24.2 billion!
Insurance companies invested $30.8 billion in oil and gas — enabling the industry’s dangerous buildout of new infrastructure;
And they also invested $1.9 billion in tar sands and $272 million in coal.
Just imagine how these billions of dollars could help us transition to clean energy and fight the climate crisis if the insurance companies felt pressure to do the right thing!
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