With an estimated $30 trillion in assets under management, the insurance industry is a huge (but mostly invisible) force in influencing the direction of the global economy. Yet insurance companies are doing incredibly little to fight climate change – and get away with it: Out of the largest 30 insurers in the world, 29 pretty much do not take the Paris Climate Agreement at all into account and continue to back new oil, gas and coal as well as collect vast premiums from existing oil, gas and coal projects. Collectively, their Paris Climate Agreement-related policies, where these exist at all, amount to not much more than a giant pile of green-washing guff.
Photo by Assaad W. Razzouk
Insure Our Future report on how the insurance industry is actually contributing to global warming by perpetuating our dependence on dirty fossil fuels: https://www.insureourfuture.us/
There is so much to be angry about, if you are a clean energy guy.
Every day, so many things that happen around the world make me angry when I look at them with lenses colored by the climate change chaos unfolding everywhere around us. And I am especially angry because I know we can solve the climate change crisis if we were only trying.
Each week, I will share with you a few topics that struck me and that I was very angry about – and this will generally have to do with climate change, solar or wind power, plastic pollution, environmental degradation, wildlife, the oceans and other related topics.