A view of flood damaged buildings are seen after Hurricane Ida on September 3 2021. Picture: REUTERS/JONATHAN ERNST
Swiss Re CEO Christian Mumenthaler, in an interview at the upcoming Reuters Next conference, advocated a gradual path of decarbonisation and said such lawsuits “would not be compatible, I think, with our philosophy.”The latest standoff is typical of the ongoing tug-of-war: climate activists fear that insurers are enabling polluting industries such as coal and oil, while insurers advocate a more moderate transition in step with a changing industry.
Munich Re’s CEO, at his first annual general meeting in 2018, faced protesters with signs like “Stop Coal Now!” and a petition of 6,000 signatures.
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Change in mindset needed to avert climate catastropheAs SA suffocates under the stranglehold of the Covid-19 pandemic and crippling bouts of load-shedding, an even more sinister threat in the form of climate change lurks not far from the horizon.
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African nations cling to fossil fuels despite climate callAfrican oil and gas producers are likely to pay little heed to the mounting clamour to scrap fossil fuels, the biggest driver of the world's climate crisis.
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African nations cling to fossil fuels despite climate callIf African countries are aware of the negatives of oil and gas, they also see relatively little help for switching to cleaner renewables. Fuck no one made the noises about the West durung their development or even after they refused to sign the same useless declaration foolish ramaphosa subjected SA because he znd his brother in law have focused on looting the state with REIPP...
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COP26 was more talk than action - The Mail & GuardianCOP26 was more talk than action - The Glasgow Climate Pact called for the removal of ‘inefficient’ fossil fuel subsidies, but a commitment to remove all fossil fuel subsidies is needed
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‘South Africa will decline finance deal on energy if terms are bad’ - The Mail & Guardian‘South Africa will decline finance deal on energy if terms are bad’ - Cyril Ramaphosa says the terms of $8.5-million climate finance offered to South Africa by wealthy countries are not yet set in stone That should have been the first thing before the announcement, terms first Gwede Mantashe ‘s department gave Shell the green light to cause major environmental damage. “commitment” from our government means absolutely nothing. OCEANSNOTOIL OURSNOTMINE SAYNOTOSHELL Africa contributes around 4% to global warming.Theres simply NO need to rush SA.Countries such Australia are doing things in a sensible way & at own pace.SAns must reject all these BS of loans which will end up back in the pockets of US/UK multinationals.MYANC ANCParliament 👇🏿
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Ramaphosa: Climate deals not a 'blank cheque' - they must focus on SA's own challenges | Fin24South Africa will not 'short-change' itself when it comes to securing climate finance deals that will aid its transition to a low-carbon economy, according to President Cyril Ramaphosa. | Fin24
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