Updates

Climate activists from Campax overshadow Zurich Group’s annual general meeting

April 7, 2021

On April 7, campaign organisation Campax denounces the climate policy of Zurich Insurance with a 10×13 meter banner hung outside the insurance giant’s headquarters that reads “Zurich stop insuring oil and gas projects” just hours before its annual general meeting. The climate activists are demanding Zurich’s withdrawal from the oil and gas business.

Zurich Group is one of the world’s three largest insurers of oil and gas. This is despite the fact that it has committed itself to limiting CO2 emissions in line with the 1.5°C target. While the insurance company has an existing set of rules for phasing out coal and oil sands if it wants to meet its own climate targets, it needs an oil and gas exit strategy.

Angelina Dobler, Climate Campaigner at Campax: “While Zurich’s coal policy is a step in the right direction, it remains completely silent on oil and gas. In order to comply with a 1.5ºC pathway, it is imperative that Zurich stops insuring all climate-wrecking fossil fuel projects and companies. Zurich has the opportunity to become a climate leader in the insurance industry by adopting a credible and consistent oil and gas exit strategy, now.”

Click here to access photos from the action

Zurich Action: Drop Oil & Gas

Get the latest campaign updates on coal, climate and insurance.

  • UnfriendCoal will use the information you provide on this form to provide campaign updates. By submitting this form, you are accepting to receive emails from us. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at peter@sunriseproject.org.au. We will treat your information with respect. For more information about our privacy practices please visit our Privacy page. By clicking below, you agree that we may process your information in accordance with these terms.

    We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.