Don’t Insure A Climate Crisis
How the Insurance Industry Bears Responsibility for the Climate Crisis; In this op-ed, an Insure our Future activist argues that the insurance industry could help address the climate crisis by refusing to back environmentally-destructive projects.
Schuyler Holder, October 21, 2019 (Teen Vogue)
“…[C]hanging how the insurance industry operates could be critical to addressing the climate crisis…[C]oal plants can't operate without insurance. The Trans Mountain Pipeline can't be built without insurance. Offshore oil rigs can't drill without insurance…[Insurance companies are] expected to have 400,000 job openings by next year and it’s counting on an influx of young talent…[N]ew graduates want to work with companies that care about and contribute to sustainability…[We want] something so much bigger than a desk job after graduation. We want climate change policies that will bring an end to the use of coal and other fossil fuels; we want investments in sustainable sources of energy…
…[S]tudents considering careers in insurance can tell the industry to phase out underwriting of and investing in fossil fuels…[A new petition is not intended] to steer students away from the industry, but to bring young and matured talent together in an effort to reform current business practices that are driving climate change. Business and risk management students can join [use it to push] the insurance industry to take real action against the climate crisis…[by asking] prospective employers if they are pursuing sustainable practices and investments, and [by choosing to work for companies that are fighting for our future…” click here for more