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<P><STRONG>No more insurance for the most destructive new oil and
gas projects, including fracking, Arctic drilling and tar sands
production</STRONG> - this was the welcome policy announced by AXA's
CEO Thomas Buberl just a few days ago.</P>
<P>This is undoubtedly a step in the right direction; however,
<STRONG>the policy still allows AXA to continue with 53% of all new
oil and gas projects...</STRONG> AXA's policy change is
therefore not enough!</P>
<P>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
<STRONG>the risks of new oil and gas projects to our health and
planet are too large to “insure”.</STRONG></P>
<P style="TEXT-ALIGN: center"><STRONG><IMG
style="DISPLAY: block; MARGIN-LEFT: auto; MARGIN-RIGHT: auto"
alt="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"
src="https://s3.amazonaws.com/s3.sumofus.org/images/editor-2021-11-02-3.jpg"
width=250 height=333></STRONG><SPAN style="FONT-SIZE: 8pt"><EM>This
is our spread in the Financial Times targeting AXA's CEO Thomas
Buberl,<BR></EM><EM>in the hands of our partner Lucie Pinson,
Director of the NGO Reclaim Finance</EM></SPAN></P>
<P><SPAN style="FONT-WEIGHT: 400">Nonetheless,
our</SPAN> partners unanimously agree that <STRONG>SumOfUs
members' mobilisation has played a key role in ratcheting up the
pressure on AXA</STRONG> 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.</P>
<P>It is a small step in the right direction for the
giant,<STRONG> 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.</STRONG></P>
<P><STRONG>That's why we can’t let up yet.</STRONG> 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.</P>
<P><STRONG>Vladimir, thank you again for helping us achieve these
first steps, but there is still a long road
ahead.</STRONG> <SPAN style="FONT-WEIGHT: 400"><A
style="COLOR: #00abbd; FONT-WEIGHT: bold"
href="https://act.sumofus.org/go/320861?t=1&akid=97329%2E15424008%2EGk52CU"><STRONG>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?</STRONG></A></SPAN></P><IMG alt=""
src="https://act.sumofus.org/o.gif?akid=97329.15424008.Gk52CU"></DIV>
<P>Thanks for all that you do, <BR>Leyla and the team at
SumOfUs</P><BR>
<P><EM><SPAN style="TEXT-DECORATION: underline">More
information</SPAN>:</EM></P>
<P><A
href="https://act.sumofus.org/go/590993?t=13&akid=97329%2E15424008%2EGk52CU">AXA:
Your Credibility is on the Line<BR></A>SumOfUs. 18 October
2021. </P>
<P><A
href="https://act.sumofus.org/go/592055?t=14&akid=97329%2E15424008%2EGk52CU">Climate
campaigner says AXA chief “has a clear choice to
make”</A> <BR>Insurance Business Mag. 21 October 2021.</P>
<P><A
href="https://act.sumofus.org/go/592056?t=15&akid=97329%2E15424008%2EGk52CU">AXA
goes less than half the distance on oil & gas<BR></A>Reclaim
Finance. 29 October 2021.</P>
<P><A
href="https://act.sumofus.org/go/587745?t=16&akid=97329%2E15424008%2EGk52CU"
rel=noopener target=_blank>Insurers must end support for new oil and
gas projects to meet climate targets<BR></A>Insure Our Future. 17
June 2020.</P>
<P><A
href="https://act.sumofus.org/go/587746?t=17&akid=97329%2E15424008%2EGk52CU"
rel=noopener target=_blank>AXA exposed as an insurer of gas
expansion<BR></A>Reclaim Finance. 11 March 2021.</P></TD></TR>
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to curbing the growing power of corporations. We want to buy from,
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their workers well and respect democracy. And we’re not afraid to
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<DIV
style="FONT: 10pt arial; BACKGROUND: #e4e4e4; font-color: black"
align=left><B>From:</B> <A title=us@sumofus.org
href="mailto:us@sumofus.org">Leyla Larbi, SumOfUs </A></DIV>
<DIV style="FONT: 10pt arial" align=left><B>Sent:</B> Friday,
November 12, 2021 11:26 AM</DIV>
<DIV style="FONT: 10pt arial" align=left><B>Subject:</B> AXA's on
the move! </DIV>
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