The Coral Triangle is the epicentre of global marine biodiversity, often called the “Amazon of the Seas. Fossil fuel expansion in the region poses an existential threat to this delicate ecological balance.

More than 360 million people depend on this ecosystem for food security, livelihoods, storm protection and cultural identity. The Coral Triangle is not only a biodiversity hotspot — it is a foundation of economic and social stability across Southeast Asia and the Pacific.

To build a new fossil fuel project, companies need three things: permits, money and insurance.

Insurance companies have significant power to help steer us towards a greener, more sustainable future. The coverage they provide is essential to the construction and operation of new fossil fuel facilities. Cutting off this insurance through public pressure is a key strategic lever.

With the majority of projects planned for the Coral Triangle still to reach financial close, now is the time to cut off insurance - this can have cascading impacts, including preventing projects from receiving funding and proceeding.