Our Demands

Our best insurance is to keep dirty fossil fuels in the ground. We, the organizations that are a part of and support the Insure Our Future campaign, present these demands to US insurance companies:

  1. Immediately cease insuring coal and tar sands projects and companies* (unless they are engaged in a rapid transition process from coal and tar sands to clean energy that would normally take no longer than two years). Workers’ compensation policies, which directly benefit workers in the fossil fuel industry, should be exempt from this policy.

  2. Immediately start divesting from coal companies and companies developing projects to extract and transport tar sands. Divestment should include your company’s own assets and assets managed for third parties (where applicable).

  3. Align all your business activities, including your underwriting and investments, with science- based targets that limit average global temperature increases to 1.5 degrees Celsius where they are applicable and other pathways where they are not. This will require a transition from all fossil fuels to clean energy projects and companies worldwide by 2050 in your underwriting and investments.

  4. Bring your stewardship activities (including the engagement with investee companies and exercise of voting rights), membership of trade associations and public positions as a shareholder and a corporate citizen more broadly in line with the goals of the Paris Agreement and create full transparency about these positions.

* We define coal companies as companies that meet any one of the following criteria:

  • They generate more than 30% of their revenue from producing coal, or produce more than 20 million tons of coal per year;

  • They generate more than 30% of their electricity from burning coal, or operate at least 10 GW of coal-fired power stations;

  • They are in the process of developing any new coal mining or coal power infrastructure.

We define tar sands companies as companies that meet any one of the following criteria:

  • They hold at least 20% of their oil and gas reserves in tar sands oil.

  • They are significant operators of tar sands transportation infrastructure, particularly pipelines.

  • They are active in the tar sands sector and have not ruled out an expansion of tar sands extraction and transportation.