The insurance industry is supposed to protect us from catastrophic risk

Yet when it comes to climate change, the U.S. insurers are accelerating a dangerous future by investing in and insuring fossil fuel projects.

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Why Insurers?

Who pays the price?

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BY THE NUMBERS

$31 trillionThe estimated amount of funds under management by insurance companies at the end of 2014. After pension funds, the insurance industry is the world’s second largest investor.

$450 billion: The amount of combined investments the 40 largest US insurers hold in coal, oil, gas and electric utilities.

$5.9 trillionThe projected amount of additional investments needed in clean energy technologies over the next 25 years to transition the world to low carbon energy and meet the goals of the Paris Climate Accord.

1,281Number of coal power plants currently planned or under construction globally.

0: Number of those coal plants that can be built and still keep global temperature increase below 2 degrees Celsius

17: The number of (mostly European) major insurance companies that have adopted coal divestment policies, resulting in the withdrawal of at least $30 billion from the coal sector.

0: number of major US insurers who have committed to ending underwriting or investments in fossil fuel companies and projects.