Insure Our Future, Not Fossil Fuels

Insurance companies are supposed to protect us from catastrophic risks. Yet when it comes to the largest threat to humanity – climate change – insurers are perpetuating dependence on fossil fuels by insuring new coal, oil and gas projects. Insure Our Future U.S. is a campaign holding the U.S. insurance industry accountable for its role in the climate crisis. 

Why Insurance

Insurance Company Climate Commitments

You can’t drive a car or buy a house without insurance. Likewise, without insurance, companies cannot build or operate coal plants or oil pipelines. Insure Our Future tracks insurance companies’ commitments to end support for the fossil fuels driving the climate crisis. 

1

The number of U.S. insurers restricting underwriting for conventional oil & gas.

7

The number of North American companies restricting underwriting for coal. Globally, 45 insurers have coal policies.

$582 billion

The estimated amount U.S. insurers have invested in fossil fuels.

It’s time for U.S. insurers to follow the science and ditch fossil fuels

As more insurance companies around the world restrict and end coverage for coal, oil and gas, fossil fuel companies face rate increases that could make new projects unviable. But U.S. insurers continue to provide a lifeline to the fossil fuel industry.

Insurers are also major investors—they have over $35 trillion in assets. Many invest their customers’ premiums in the fossil fuels driving climate change.

U.S. insurers should immediately stop insuring new fossil fuel projects and phase out existing coal, oil and gas insurance in line with a 1.5°C pathway.

 

Explore our campaigns to stop insuring the unacceptable. 

Our demands to the insurance industry:

1
Immediately cease insuring new and expanded coal, oil, and gas projects.
2
Immediately stop insuring any new customers from the fossil fuel sector which are not aligned with a credible 1.5ºC pathway, and stop offering any insurance services which support the expansion of coal, oil and gas production at existing customers. Within two years, phase out all insurance services for existing fossil fuel company customers which are not aligned with such a pathway.
3
Immediately divest all assets, including assets managed for third parties, from coal, oil, and gas companies that are not aligned with a credible 1.5ºC pathway.

Global Week of Action Calls on Insurance Companies to Take Urgent Climate Action

The insurance industry holds the key to a safer, prosperous future if they act now. Over 100 roups in over 27 countries across 5 continents are holding over 80 demonstrations, marches, direct actions and events this week with a clear message: Insure Our Future, not fossil fuels. The insurance industry is uniquely positioned to drive …

REPORT: Risk Exposure: The Insurers Secretly Backing The Methane Gas Boom in the U.S. Gulf South

At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report by Rainforest Action Network and Public Citizen. The analysis, based on documents obtained through open record requests, details the insurance coverage for existing and projected methane gas infrastructure that, if built, will export the …

Risk Exposure: The Insurers Secretly Backing The Methane Gas Boom in the U.S. Gulf South

Report with FOIA information reveals which insurers are part of the biggest fossil fuel buildout of this generation Houston, Texas –  At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report released today by Rainforest Action Network and Public Citizen. The …