🚨 Today we launch our campaign to protect the #CoralTriangle — the 'Amazon of the seas' — from fossil gas expansion.
70+ organisations have already written to major insurers.
Now you can join us. We're demanding a no-go zone for LNG 🐠🌊💪 👉 actionnetwork.org/forms/make-f...
💬 Paddy McCully, analyst at Reclaim Finance, on the NZBA and the NZAM in @nytimes.com:
"These institutions signed up without having any clue what they were signing up for. They were joining the herd and wanted to look good, but they never had any inclination to change their business model."
More ⤵️
'Even the best players are far from adopting a robust transition plan,' said Reclaim Finance's founder @luciepinson.bsky.social, speaking at the @financialtimes.com Global Banking Summit, where she discussed the future of ESG, navigating backlash and strengthening commitment.
🚨 Our new analysis reveals that Lloyd's is bucking the insurance market trend by persisting in growing its fossil fuel business.
Its fossil fuel premiums continue to grow at a rate of +2.4% per year vs. -2.8% for the rest of the global insurance market.
Read more: reclaimfinance.org/site/en/2025...
This is HUGE
A court has ruled that TotalEnergies has misled consumers by presenting itself as a “major player in the energy transition”.
It is the first judgement in the world ruling an Oil & Gas major has misled the public by greenwashing its image.
www.clientearth.org/latest/press...
This is just crazy
Since 2019, the EU has adopted laws supposed to make companies accountable for the impact of their activities and those of their subcontractors, as well as to promote financing for the ecological transition.
⚠️ Today, the European Commission’s Omnibus “simplification” package is repealing these laws.
Shell, Enbridge and BP Aker don't seem to like the reality of a science-based target for net zero via @financialtimes.com @kenzabryan.ft.com www.ft.com/content/21c8...
"It's no surprise that #HSBC is the first major European bank to quit [the NZBA] given it seems to have all but abandoned any notion of climate ambition, increasing its financing for fossil fuel expansion massively last year," @luciepinson.bsky.social in @businessgreen.bsky.social.
Banks boosted fossil fuel finance by more than a fifth in 2024, report says
www.ft.com/content/dbb34bdf-fff6-4d...
Banks financing for fossil fuels increased in 2024, with Barclays the biggest European financier, with an increase in finance for new oil and gas projects, fuelling future climate change - read more: reclaimfinance.org/site/en/2025...
🔴 NEW analysis of the major 20 European banks’ “transition plans” shows that NONE of them has published a plan aligned with a 1.5°C trajectory.
Regulation is the only way to drive them to transition.
As we evaluated their transition plans on 5 dimensions, here’s what we’ve learned: ⤵️🧵
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TotalEnergies rapped for misleading social media ad which failed to mention that the oil major generates 90% of its groups sales from oil and gas products www.edie.net/totalenergie...
Is global warming a boon for US banks?
“We are seeing a broad retreat on #climate from the #finance sector, (...) [partly] due to banks using Trumpism as an excuse to roll back commitments they never actually intended to keep”, as our analyst @paddymccully.bsky.social states for @theguardian.com ⤵️
💥By insuring the fossil fuel industry’s expansion plans, Lloyd's is taking advantage of the #climate crisis to deliver great short-term returns to its private investors.
However, this is directly threatening our best chance of achieving net zero emissions by 2050.
Press release: shorturl.at/y7b3R
You can’t sue a rainbow 🌈
No matter what happens in any courtroom – our global intersectional climate movement will only keep growing stronger and louder 💚🌎
#WeWillNotBeSilenced
As Lloyd’s of London announces close to £10bn in annual profits, individual investors in the world’s largest insurance marketplace are not being told the full story.
Lloyd's is destroying our planet and risking investor capital. A new report from @reclaimfinance.org lifts the lid. 👇
bit.ly/4hq2fYd
Today’s verdict ordering @greenpeaceusa.bsky.social to pay $660 million to Energy Transfer is unacceptable and sets a dangerous precedent.
#Fossilfuel corporations cannot and will not sue activists into submission. #ImWithGreenpeace
www.greenpeace.org/internationa...
💰Despite green claims, European banks like Société Générale, Barclays, Santander, Deutsche Bank, Groupe BPCE and BBVA back #TotalEnergies’ #LNG expansion in the US, making it the top long-term US LNG buyer.
📢 Banks must stop all financial services to companies developing new #FossilFuel projects.
🛢️Did you know that the Norwegian sovereign wealth fund #NBIM holds $6.15B in bonds in 39 #oil and gas companies?
These bond holdings are despite the fund’s claims to be a #climate leader.
Read our full analysis conducted with the Nordic Center for Sustainable #Finance ⤵️
New runways at London airports would result in cumulative emissions of around 92m tonnes of extra CO2e by 2050, if the number of flights increases in line with their operating company targets.
Carbon Brief’s analysis covered by Anushka Asthana on @itvpeston.bsky.social
➡️ buff.ly/3WJ9Ut1
A group of more than 100 NGOs has called on private banks and public lending institutions to stop financing a liquefied natural gas facility under construction by French fossil fuel giant TotalEnergies in Mozambique.
“Climate change represents an existential risk for the insurance industry,” write insurance experts Dave Jones & Louise Pryor in the new #InsureOurFuture scorecard. “Now the industry must accelerate the transition to clean energy and stop underwriting new fossil fuel projects.” tinyurl.com/y9kywkt5
