Action for week starting 7.9.20 – End QBE support for oil and gas projects

Call on QBE, Australia’s second largest global insurer, to end its support for oil and gas projects.

Last year Suncorp, one of Australia’s biggest insurance companies, committed to phasing out insuring of and investing in thermal coal.  It has now extended this policy to oil and gas production and exploration.

This leaves QBE isolated as the only Australia-based major insurer willing to invest in and insure oil and gas projects.

This is not only a major reputational risk, but it also makes little business sense. The insurance industry is reeling from ever-worsening storms, droughts, floods and bushfires fuelled by global warming.

Call on QBE, Australia’s second largest global insurer, to end its support for oil and gas projects. Contact QBE here.

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