EACOP | >Re-PHOTO

XR Floods Are Here – Don’t Insure Fossil Fuels: On Monday 28th Oct 2024 Extinction Rebellion began three days of action in London demanding that insurers end supplying insurance to fossil fuel projects. This was a part of a week of action with protests taking place around the country and of a global campaign, ‘Insure Our Future‘.

On October 14th XR sent an ultimatum to senior executives at all the UK-based insurance companies who insure climate breakdown telling them that unless they made “a pledge to get out of new oil, coal and gas” they would face non-violent direct action and protests.

“Insure Our Survival spokesperson Steve Tooze said: “The insurance industry has the power to stop the fossil fuel industry in its tracks by withdrawing the insurance that protects them from huge financial losses when things go wrong in a high-risk industry.

“Currently, insurers are refusing to use that power. Instead, they are choosing to bet on profits from underwriting oil, gas and coal projects that are accelerating the climate crisis to levels that could destroy our civilisation in our lifetimes.

“In effect, Insurers are insuring the worst people in the world to dig up more fossil fuels that cause extreme weather and flood our homes. Then they are charging us more and more to insure our homes against the increasing risk of flooding. “

The letter, also published online, pointed out that one of the most respected climate research institutions in the world the Potsdam Institute had just issued a damning report which made clear we were facing a global emergency and “very fabric of life on Earth is imperilled.” They point out that global fossil fuel combustion and industrial processes account for approximately 90% of the carbon dioxide and “and other greenhouse gases are the primary drivers of climate change.”

Without insurance, new fossil fuel projects could not go ahead. At least one insurance company, Zurich Insurance, immediately announced that hey would no longer insure new oil and gas projects.

Monday’s protest theme was ‘The floods are here!‘ and this protest came the day before it was sadly demonstrated how true this was when “torrential rain … brought over a year’s worth of precipitation to several areas in southeastern Spain, including the Valencian Community, Castilla–La Mancha, and Andalusia.”

Several hundred XR protesters met at Tower Hill at 11am and set off to march around the City of London to stage protests outside insurance offices. Some wore southwesters and were carrying a pink inflatable boat, with others wore white hazard suits and held ‘CLIMATE CRIME SCENE’ police tapes.

Among the insurers the march targeted were Allianz and Lloyds and there were smaller groups picketing Hiscox which is supporting the the EACOP East Africa Crude Oil ‘carbon bomb’ pipeline and AXA.

Away from the march supporters Scientists for XR entered the lobby of the insurance industry’s regulatory body, the Prudential Regulation Authority. The march ended with a die-in in the open area next to St Mary Axe, facing Lloyds and next to the Leadenhall Building.

More pictures at XR The Floods Are Here action.

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Extinction Rebellion Tries to Persuade Insurers – From 26th February to 3rd March 2024, Extinction Rebellion have been holding an ‘Insurance Week of Action’ with large peaceful protests and some non-violent direct actions directed at the insurance industry, particularly in the City of London,

London, UK. 28 Feb 2024. Only Fools Insure Fossil Fuels.

As the XR website put it:

“At the same time as Coal Action Network, Mothers Rise Up, Quakers UK, StopEACOP and Tipping Point, we will be targeting the global insurance industry – the people who could stop the fossil fuel crooks in their tracks overnight if they wanted to.

Because no insurance = no more drilling for oil and gas.”

*London, UK. 28 Feb 2024. Front of the march at Lloyds.*

The City of London is still the world capital for the global insurance industry, with one company, Lloyds of London insuring 40% of the world’s fossil fuel production and it is also home to many other major global insurers.

*London, UK. 28 Feb 2024. Insure Our Future – Not Fossil Fuels.*

Monday was a training day for XR, with lectures about the lessons which could be learnt from the West Cumbria coal mine campaign and the importance of the insurance industry in maintaining the fossil fuel industry and why it was important to try to convert them away from this and towards supporting a future for human life on our planet. There were also a workshop on non-violent direct action, examining the theories behind it and how to create support systems and keep safe.

Nothing could be further from the comments made by the Prime Minister and other cabinet members about ‘mobs’. The protests are well organised and take considerable trouble to remain within the increasinly restrictive laws on freedom to protest. In contrast they make our government speakers seem a rabid mob, making hate speeches about hate protests and disruption. XR are trying to save our planet for future human life.

*London, UK. 28 Feb 2024. A Faceless Financier.*

I was unable to go to the events on Monday or Tuesday when as well as some highly targeted actions including small groups of protesters protesting peacfully inside the foyers of some city offices there was a large rally on Tuesday followed by a Community Assembly on the subject “How do we Insure our Future?

*London, UK. 28 Feb 2024. The march begins.*

But last Wednesday I joined the XR supporters in Trinity Square Gardens at 10.30 for the start of the advertised “Insurance Mayhem – Wednesday Showstopper“. Some of them had followed the suggested dress code for the event, “business attire. Black suits with white shirts, preferably!” A group carried special and rather glossy small briefcases and there were banners and a few placards. Some in city dress had come with grey masks and labels as ‘Faceless Financiers’

*London, UK. 28 Feb 2024. Extinction Rebellion supporters march*

Little happened for the first hour or so, though there was a strong police presence in the area, and some officers came to talk with and warn protesters who told them they were not intending to break any laws.Finally at 12.15 the march moved off for a short march through city streets to the streets around the main Lloyds Building on Leadenhall Street and Lime Street. One man was arrested on the march, I think for setting off a smoke flare, which police left smoking on the ground.

*London, UK. 28 Feb 2024. Extinction Rebellion*

Protesters joined hands to surround the Lloyds Building on three sides, some holding banners and flags. They let people in and out of the building and tried to engage them in conversation about the urgent need to end fossil fuels. A few stopped to say they agreed but most simply walked past and there were a few angry remarks. It was lunchtime and quite a few city workers were out on the streets and stopped to watch what was happening and were clearly entertained, taking pictures on their phones of the speakers and the various events.

*London, UK. 28 Feb 2024. EACOP – the East African Crude Oil Pipeline is an environmental and human rights disaster.*

These included protests by ‘workers’ in red boiler suits against the East African Crude Oil Pipeline, a 900 mile long heated pipeline from Ugandan oil fields to the Indian Ocean in Tanzania which would cause “large scale displacement of communities and wildlife“, threaten water resources and contribution massively to global warming. 24 banks have already distanced themselves from financing the project, with only two remaining involved, and it will certainly not go ahead if insurers can be persuaded not to insure it.

London, UK. 28 Feb 2024. City dressed dancers outside Lloyds.

The ‘Faceless Financiers’ now all had their dull grey masks on and were standing together in a row in front of the building on Lime Street where most of the event was taking place, its closure causing little or no disruption to traffic. In front of them came a large troupe of dancers for their spirited performance and on the other side of the road was a washing line hung with items of children’s clothing letters on the garments spelling out the message ‘THEIR FUTURE’.

The “Insurance Mayhem – Wednesday Showstopper” was still continuing as I left for home. I was back for the next day’s very wet protest which I’ll perhaps write about in a later post.

More pictures of Insurance Mayhem – Wednesday Showstopper.

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Tag: EACOP

XR Floods Are Here – Don’t Insure Fossil Fuels – 2024

Extinction Rebellion Tries to Persuade Insurers