Insurers’ LNG Support at Odds With Their Climate Ambition, Report Says
Chubb, American International Group and The Hartford Financial Services Group are among those underwriting US LNG export plants, according to a new report.
The underwriting of liquefied natural gas capacity in the US by major global insurers is at odds with their climate ambition, according to a report from activist groups including Public Citizen and Rainforest Action Network.
Chubb, American International Group and The Hartford Financial Services Group are among underwriters listed on certificates of insurance for seven US LNG export facilities that include terminals in operation and under construction, according to the researchers, who obtained the information through 50 Freedom of Information Act requests. In at least one case, the policy had expired.