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NYC Protesters Target AIG Over East African Crude Oil Pipeline

July 27, 2024 Jessica Corbett, Common Dreams. , , , , , , ,
The "Summer of Heat" continues—both in terms of record-breaking temperatures driven by fossil fuels and a series of nonviolent direct actions targeting Wall Street for its contributions to the climate emergency. After protests last month calling out Citibank for "financing the arsonists," climate campaigners on Friday set their sights on finance and insurance giant AIG for "stubbornly" refusing to join over two dozen other insurers that won't cover the East African Crude Oil Pipeline (EACOP). EACOP is set to run nearly 900 miles from Uganda's Lake Albert oilfields to the port of Tanga in Tanzania. Rights groups have sounded the alarm about how the project has devastated the lives and livelihoods of people in its path as well as violence endured by African activists, who have been "kidnapped, arbitrarily arrested, detained, or subjected to different forms of harassment."

Gwich’in Steering Committee Responds To AIG’s New Policy On Arctic Drilling

March 4, 2022 Last Real Indians. , , ,
Today American International Group, Inc. (NYSE: AIG) announced new company-wide policy, which rules out providing insurance and investment to “any new Arctic energy exploration,” among other climate commitments. With this announcement, AIG is the first American company among a growing list of international insurance companies to publicly issue a policy ruling out new energy exploration projects in the Arctic.

AIG To Stop Insuring Coal, Tar Sands, And Arctic Drilling

March 2, 2022 Kenny Stancil, Commondreams. , , ,
Climate justice advocates celebrated Tuesday in response to insurance giant AIG's announcement that it will no longer invest in or provide insurance coverage for any new Arctic drilling activities nor will it finance or underwrite the construction of any new coal-fired power plants, thermal coal mines, or tar sands projects, effective immediately. AIG also said that it will immediately stop investing in or underwriting "new operation insurance risks" of coal-fired power plants, thermal coal mines, or tar sands projects owned by corporations that derive 30% or more of their revenue from those industries or generate over 30% of their energy production from coal.

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