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Tuesday, February 1, 2022

Just revealed: These Insurance Giants are fueling Brazil’s oil & gas boom

 

Our partners with the Insure Our Future campaign just revealed the insurance giants behind the majority of Brazil’s oil and gas operations.

With support from U.S. insurance companies Chubb and Liberty Mutual, Spain’s MAPFRE, and Japan’s Tokio Marine, Brazil is massively expanding offshore oil and gas drilling.

In direct defiance of global climate goals, Brazil plans to expand oil production by as much as 70% over the next decade as part of its ruthless exploitation of its natural resources.

If this plan succeeds, it will be a major setback in the fight to stop the climate crisis.

But Brazil’s fossil fuel projects can’t happen without insurance. And we now know exactly which companies to target in order to stop Brazil’s oil expansion.

Help us send a powerful message to the insurance executives supporting Brazil’s oil and gas programs. Tell them it’s time to stop driving us towards climate chaos.

Because of weak disclosure requirements, insurance records are typically hidden from the public. Some insurance companies even spew climate-friendly rhetoric that’s belied by their hidden conduct.

For example, Chubb is one of the world’s biggest insurers of oil and gas, but its CEO dared to call the company a “steward of the Earth.”

More oil and gas will not only fuel global climate destruction, but devastate local Indigenous, Afro-Brazilian, and fishing communities, as well as threaten endangered sea turtles and whales in the Great Amazon Reef.

We must call out this blatant climate hypocrisy. Email the executives of Chubb and the other insurance giants behind Brazil’s destructive fossil fuel expansion plans now.

Remember: After hundreds of phone calls and thousands of emails from all of you last September, Chubb dropped the toxic Trans Mountain tar sands pipeline.

If everyone shows up again, we can stop Brazil’s oil & gas expansion!

Thanks for taking action,

Hannah
Public Citizen


Public Citizen
1600 20th Street NW  
 Washington, District of Columbia 20009





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