Insurers Endure Self-Harm to Side With Big Oil

Insurers are some of the world’s biggest complainers about climate damages. So why are they defending Big Oil from accountability for those same climate damages? Follow the money Gift link to my column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

This is an important article. I added a gift link. "How long that status quo can stay comfortable for insurers is the question. The income from fossil fuels will become less reliable the more voters connect the dots between oil and gas projects and the fact that they no longer have a roof."

Insurers are taking record losses from worsening climate disasters. Why are they helping Big Oil escape accountability for fueling them? It's "a perplexing choice — until you think about why Big Insurance and Big Oil might be on the same team," writes @markgongloff.bsky.social. Accountability now!

Insurers are taking record losses from worsening climate disasters. Why are they helping Big Oil escape accountability for fueling them? It's "a perplexing choice — until you think about why Big Insurance and Big Oil might be on the same team," writes @markgongloff.bsky.social. Accountability now!

Insurers are taking record losses from worsening climate disasters. Why are they helping Big Oil escape accountability for fueling them? "It was a perplexing choice — until you think about why Big Insurance and Big Oil might be on the same team," says @markgongloff.bsky.social. Accountability now!

“Insurers have significant investments in fossil-fuel companies, with the world's top 28 global property and casualty insurers collecting $11.3 billion in premiums from fossil-fuel projects in 2023 and having $84 billion in fossil-fuel investments …”