BREAKING: @Chubb is requiring oil & gas companies to cut methane emissions and stopping underwriting for drilling projects in protected areas. This comes after years of pressure since @ChubbNA’s last policies to restrict coal & tar sands. Stay tuned for our analysis.
https://twitter.com/RhiannonHoyle/status/1638521745073389568
.@Chubb's policy, while an overdue step in the right direction, is not aligned with climate science like CEO Evan Greenberg claims. Yesterday, the @IPCC_CH released a new report & @antonioguterres called for a stop to 👏all 👏new fossil fuel expansion.
https://twitter.com/PeterBosshard/status/1637804382409334786
Unfortunately, @ChubbNA’s policy has major gaps that will allow it to continue insuring the expansion of many new oil & gas fields, pipelines & other midstream infrastructure, incl. protected areas, & projects that have not obtained the consent of impacted Indigenous communities.
#ClimateJustice activists respond to @Chubb's policy:
“Chubb is recognizing the importance of protected land in this policy, but there are so many sacred ecosystems that do not have protected area designations facing threats from oil & gas drilling." - Liz Marin, @SeedSovereignty
“Chubb is recognizing the importance of protected land in this policy, but there are so many sacred ecosystems that do not have protected area designations facing threats from oil & gas drilling." - Liz Marin, @SeedSovereignty
“Given that this new policy only applies to oil and gas extraction, @Chubb is still at risk of insuring #EACOP, a carbon bomb in Uganda and Tanzania, which will be crossing over nearly 2,000 sq km of protected wildlife habitats." - @HillaryTaylorVI
"By not restricting insurance coverage for the expansion of LNG facilities and pipelines, like Port Arthur LNG proposed in my backyard, Chubb's policy falls short of real environmental and climate justice measures."- John Beard, Jr. from Port Arthur, TX Community Action Network
• • •
Missing some Tweet in this thread? You can try to
force a refresh
