More major banks and insurers refuse to support EACOP: Lloyds syndicates silent
Four fewer banks and five fewer insurers on side with EACOP, and pressure is mounting on the remaining insurers and on Lloyds of London.
News and Actions for stop EACOP
Four fewer banks and five fewer insurers on side with EACOP, and pressure is mounting on the remaining insurers and on Lloyds of London.
Talanx, Germany’s third largest insurer, is the latest (re)insurance company to confirm to the #StopEACOP Coalition that they will not underwrite the East African Crude Oil Pipeline (EACOP).
Insurance providers Argo Group and Axis Capital, both Lloyd’s of London members, and RSA Insurance Group Limited, a leading UK insurer, have announced they will not be involved in underwriting the East African Crude Oil Pipeline (EACOP) project.
Last Thursday, 18th May, Coal Action Network protested outside of Lloyd’s of London, for their role in insuring the expansion of the Trans Mountain Pipeline (TMX) and the East Africa Crude Oil Pipeline (EACOP).