*[Enwl-eng] Your Credibility is on the Line

[ENWL]

                        In 10 days, AXA could adopt a breakthrough new 
climate policy -- but you can bet oil and gas lobbyists are not going to 
stand by idly.

                        can you tell CEO Thomas Buberl to practice what he 
preaches on climate and stop insuring new oil and gas projects?

                         Sign the petition


            It’s decision time. Next week, AXA’s CEO,Thomas Buberl, could 
decide to stop his multinational company from insuring any new oil and gas 
projects.

            Withdrawing insurance coverage from these dirty projects is a 
powerful lever to keep fossil fuels in the ground. In the past AXA has done 
a pretty good job - by becoming the first insurer to exclude all coal 
projects.

            And in 10 days, on Climate Finance Day, AXA could do exactly the 
same thing for oil and gas. Problem is, the initiative is facing a lot of 
backlash and opponents are doing their best to water down the new policy to 
save their most juicy and climate-wrecking deals.

            we need your help to call on Thomas Buberl, AXA’s CEO, to adopt 
a new breakthrough policy to end AXA’s support for new oil and gas once and 
for all:

            Tell Thomas Buberl to take leadership on climate and stop 
supporting new oil and gas projects!

            Thomas Buberl is considered the most active climate leader 
within the insurance industry. In 2017, he stopped insuring new coal 
projects. AXA’s move was followed by many insurers and coal has now become 
almost uninsurable.

            Despite this, a new investigation will soon publicly reveal that 
AXA continues to insure the exploration of huge oil and gas reserves, 
including in fragile ecosystems near the mouth of the Amazon River which are 
home to blue whales, manatees and other threatened species.

            Today, AXA has not only the unique opportunity to follow through 
on its green promises, but it also has the power to redefine the rules of 
the game by making oil and gas projects uninsurable too.

            tell Thomas Buberl to take the lead on climate by ending all 
support for new oil and gas projects!

            A few days ago, the International Energy Agency concluded the 
planet cannot afford any new oil and gas projects if we want to avoid 
catastrophic climate breakdown. Thomas Buberl is now in the hot seat to live 
up to his commitments: he must follow the science and not yield to climate 
wreckers’ greed.

            All over the world, SumofUs members and their partners are 
ramping up the pressure on the world's biggest insurance companies to hold 
them accountable for their complicity in climate chaos. Today, together, we 
can bring the most powerful actor to do the right thing and bring the 
industry with him:

            Thomas Buberl: show the world you’re leading on climate not 
following! Stop insuring all new oil & gas projects for the sake of people 
and the planet.


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



            More information:

            World Energy Outlook 2021
            International Energy Agency. 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.

            How much of the world’s oil needs to stay in the ground?
            The Guardian. 8 September 2021.








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            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: Monday, October 18, 2021 4:45 PM
            Subject: AXA: Your Credibility is on the Line








 
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