*[Enwl-eng] AXA's on the move!

[ENWL]

            No more insurance for the most destructive new oil and gas 
projects, including fracking, Arctic drilling and tar sands production - 
this was the welcome policy announced by AXA's CEO Thomas Buberl just a few 
days ago.

            This is undoubtedly a step in the right direction; however, the 
policy still allows AXA to continue with 53% of all new oil and gas 
projects... AXA's policy change is therefore not enough!

            Our hope was that Buberl would take real leadership and ban 
coverage on all new oil and gas projects, as it did a few years ago with 
coal. This half measure announcement comes despite the fact the risks of new 
oil and gas projects to our health and planet are too large to “insure”.

            This is our spread in the Financial Times targeting AXA's CEO 
Thomas Buberl,
            in the hands of our partner Lucie Pinson, Director of the NGO 
Reclaim Finance

            Nonetheless, our partners unanimously agree that SumOfUs 
members' mobilisation has played a key role in ratcheting up the pressure on 
AXA in the last few weeks. AXA began with a very unambitious policy for oil 
and gas and it eventually moved to these more severe and restrictive 
measures, getting closer to where oil and gas deserves to be: in the past.

            It is a small step in the right direction for the giant, we’re 
still a long way from an outright ban on new oil and gas projects - a key 
step if we are to limit global warming to 1.5°C.

            That's why we can’t let up yet. We must show AXA that these new 
restrictions need not only to be enforced, but developed and followed by 
others. Only then can they bring about REAL change.

            Vladimir, thank you again for helping us achieve these first 
steps, but there is still a long road ahead. We need your help to keep on 
running impactful campaigns against insurers who support fossil fuel 
projects: can you help us strengthen our actions by making a monthly 
donation?


            Thanks for all that you do,
            Leyla and the team at SumOfUs



            More information:

            AXA: Your Credibility is on the Line
            SumOfUs. 18 October 2021.

            Climate campaigner says AXA chief “has a clear choice to make”
            Insurance Business Mag. 21 October 2021.

            AXA goes less than half the distance on oil & gas
            Reclaim Finance. 29 October 2021.

            Insurers must end support for new oil and gas projects to meet 
climate targets
            Insure Our Future. 17 June 2020.

            AXA exposed as an insurer of gas expansion
            Reclaim Finance. 11 March 2021.









--------------------------------------------------------------------------------
            SumOfUs is a community of people from around the world committed 
to curbing the growing power of corporations. We want to buy from, work for 
and invest in companies that respect the environment, treat their workers 
well and respect democracy. And we’re not afraid to stand up to them when 
they don’t.

            Please help keep SumOfUs strong by chipping in $3



                  Chip in $3




            From: Leyla Larbi, SumOfUs
            Sent: Friday, November 12, 2021 11:26 AM
            Subject: AXA's on the move!








 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.enwl.net.ru/pipermail/enwl-eng/attachments/20211112/5e5199c3/attachment.html>