"We welcome Munich Re’s statement that it will not insure the East Africa Crude Oil Pipeline. Now, they need to take the next step and do what is really required for humanity and the planet: commit to a world-leading policy which excludes all new oil and gas projects in line with a 1.5C limit, now.”
"Every insurer should be running from the climate-wrecking and contested East African Crude Oil Pipeline. In particular, Allianz and Lloyd's of London, both members of the Net Zero Insurance Alliance, must follow Munich Re and commit to never insure EACOP."
Some of you keep asking us if we insure the East African Crude Oil Pipeline which is currently built in #Uganda & #Tanzania. The answer is: No, we don’t. Insuring this pipeline would not go along with our #ESG values & guidelines. https://t.co/IwGs26zML3 #STOPEACOP @InsOurFuture
— Munich Re Group (@MunichRe) April 6, 2022