Skip to content

AIG

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

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

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.
Sign Up To Our Daily Digest

Independent media outlets are being suppressed and dropped by corporations like Google, Facebook and Twitter. Sign up for our daily email digest before it’s too late so you don’t miss the latest movement news.