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Tell Chubb Executives to Drop Fossil Fuel Projects

Chubb lags behind in making commitments to divest from fossil fuels, particularly oil and gas. If they want to make good on their statements on the importance of fighting climate change, they must deliver clear specifics and commitments on their new climate policy.

Help us add 10,000 signatures to send this message to Evan Greenberg: restrict your oil and gas business and respect human rights!

Dear Chubb CEO Evan Greenberg,

As one of the world’s largest insurers of coal, oil, and gas in the world, Chubb is fueling the climate crisis. Chubb’s support for the expansion of climate-wrecking fossil fuel projects fuels the climate crisis and threatens the health, safety, and rights of communities around the world.

Although you have acknowledged the massive threat that climate change poses to the world for more than a decade, your company’s actions do not align with your rhetoric on climate. Chubb has insured fossil fuel infrastructure in Russia that is bankrolling Putin’s war on Ukraine, oil and gas extraction off the coast of Brazil, exploratory drilling in the Arctic, and other fossil fuel projects globally – and has zero policies in place to restrict support for oil and gas expansion. 

Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency underlined in its Net Zero by 2050 scenario, the path to that goal is "narrow but still achievable" and requires an immediate end to new oil and gas fields, coal mines or coal plants. As you know, potential emissions from oil, gas and coal reserves already in production more than exhaust a 2°C carbon budget, and take us far beyond 1.5°C.

We call on you to take concrete steps to align with a world in which climate change is limited to 1.5°C, human rights are fully respected, and fossil fuels are not driving violent conflict around the globe by taking the following steps:

1. Immediately stop providing new financing, investment, insurance coverage and other financial services to Russian fossil fuel companies, and divest from existing assets.
2. Immediately stop insuring new and expanded coal, oil, and gas projects;
3. Set 1.5°C-aligned zero dates for phasing out all fossil fuel insurance;
4. Immediately end financing for projects and companies that are implicated in abuses of human rights, especially Indigenous rights.

In the lead up to your Annual General Meeting this spring, we are echoing the calls from investors to stop insuring fossil fuel expansion and instead ensure a livable planet for all. You have an opportunity to reassert your leadership position on climate and justice, and we urge you to seize it.