AIG Is Fueling The Climate Crisis

The fossil fuel industry can’t function without insurance. Cue AIG – one of the world’s top insurers of coal, oil, and gas.

Zero Policies Reducing Support for Fossil Fuels

AIG hasn't adopted a single policy to restrict underwriting or investing in fossil fuels.

Less than 1% AIG's Coal Premiums

Coal accounted for less than 1% of AIG’s 2019 premiums.

85 Oil Spills

The number of spills to date from the AIG-insured Trans Mountain pipeline.

26 Insurers Have Taken Action

26 major insurers had adopted policies to end or limit their insurance services for the coal sector.

8.7 Million Fossil Fuel Deaths

A recent study found that fossil fuels cause 8.7 million deaths globally every year.

$4 Billion Coal Investments

AIG has $4 billion worth of investments in coal.

The climate-wrecking fossil fuel industry can’t function without insurance. A growing number of insurance companies are beginning to ditch fossil fuels. But insurance giant AIG – one of the world’s top insurers of coal, oil and gas – is one of the few insurers that has yet to adopt a single policy to restrict insuring or investing in fossil fuels.

As an insurer, AIG is supposed to prevent harm. It’s time to stop propping up fossil fuels. David Arkush, Director of Public Citizen’s Climate Program

The world’s top scientists have concluded that we only have 10 years to avoid a climate catastrophe. This means a complete transition away from fossil fuels. We cannot afford a single new oil pipeline or coal mine. Since fossil fuel companies can’t operate without insurance, it’s time for insurance giants like AIG to stop propping up this devastating industry. 

AIG Fueling Climate Crisis

Twenty-six of the world’s top insurers have already adopted policies to limit support for coal, and AIG is one of the last remaining companies that can insure multibillion dollar coal projects. And it’s not even like coal is vital to AIG’s profits: coal accounted for less than 1% of AIG’s 2019 premiums.

AIG is also insuring oil and gas projects with abysmal impacts on the environment and Indigenous rights, like the Trans Mountain pipeline in Canada, which has already had 85 spills.

AIG just appointed a new CEO, Peter Zaffino. This transition offers a critical opportunity for AIG to become a climate leader. It’s time for AIG to get on the right side of history and support a transition to renewable energy.