QBE’s fossil fuel inconsistency questioned at AGM

7 May 2020 As has been the case now for several years (see 2019 and 2018), fossil fuels and the climate crisis dominated insurance company QBE’s annual general meeting (AGM) today, despite it being shifted online due to the COVID-19 pandemic. With QBE having announced its exit from thermal coal … Read More

Marsh and Mercer ignoring staff wishes by continuing Adani coal work

27 April 2020 Insurance broker Marsh has been working with the conglomerate Adani for several years, most recently searching the globe for insurance companies willing to cover the Adani Carmichael coal project construction and operation. With 16 major insurers refusing to insure the massive new thermal coal project, the going … Read More

QBE faces shareholder resolution on oil and gas support

5 March 2020 Shareholders coordinated by Market Forces together with the $4bn investment manager Australian Ethical have co-filed a resolution calling for the global insurer to align underwriting (insurance) and investment activities with keeping global warming below 1.5 degrees. QBE has confirmed to the ASX this morning that the resolution … Read More

IAG Shareholder action

Take Action: Write to IAG and ask it to follow-through on the commitments made at its 2019 annual general meeting. IAG AGM report: 25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set … Read More

IAG obscures its fossil fuel investments

25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More

AIG hangs sponsorship partner NZ Rugby out to dry

21 October 2019 AIG’s refusal to make a one sentence statement has drawn New Zealand Rugby into the #StopAdani campaign, tarnishing the All Blacks brand during the Rugby World Cup. In early September 2019, just days after a massive petition signed by over 100,000 people was presented to AIG’s offices … Read More