Insure Our Future, Not Fossil Fuels

CEOs of AIG, Berkshire Hathaway, and Liberty Mutual

The science is clear that to stay within a safe climate limit, fossil fuels must stay in the ground. Yet most U.S. insurers continue to insure and invest in coal, oil, and gas, with no end in sight. While European, Australian, and a handful of U.S. companies step up and retreat from coal and tar sands to tackle the climate emergency, AIG, Berkshire Hathaway, and Liberty Mutual remain silent. These three insurance giants just ranked at the very bottom of Unfriend Coal's 2019 Insurance, Coal, & Climate Change Scorecard, which evaluated the climate policies of 30 major global companies.

Tell the CEOs of these climate-killing corporations to ditch dirty energy and #InsureOurFuture.

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To: CEOs of AIG, Berkshire Hathaway, and Liberty Mutual
From: [Your Name]

The Intergovernmental Panel on Climate Change (IPCC) has warned that we have less than 12 years left to take bold action on climate change to limit warming to 1.5 degrees Celsius, the goal of the Paris Agreement. The science is clear that this requires an immediate end to fossil fuel development. It is unacceptable that the insurance industry continues to insure new coal, oil, and gas projects, actively undermining the goals of the Paris Agreement.

As CEOs of three of the largest U.S. property and casualty insurance companies, you have the power to rapidly steer the industry away from fossil fuels and bring about the far-reaching transition to a low-carbon economy – and you have a moral responsibility to do so. Furthermore, these industries pose grave threats to the land rights, health, and wellbeing of communities around the globe that live at sites of fossil fuel extraction, transportation, and combustion.

We call on AIG, Berkshire Hathaway, and Liberty Mutual to immediately stop underwriting coal and tar sands projects, start divesting from coal and tar sands companies, and phase out all business activities in line with 1.5ºC.