Chubb joins 17 international insurers and every major U.S. bank as the first American insurance company with a policy that precludes underwriting new oil and gas development in the Arctic Refuge.
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Divestment
Last year, thousands of King County residents came together to win a moratorium on new fossil fuel development. Today, King County Council voted unanimously to make that moratorium permanent, by passing a comprehensive suite of regulations that protect local communities from fossil fuel threats.
“Today is a historic day for the Standing Rock Sioux Tribe and the many people who have supported us in the fight against the pipeline,” said Chairman Mike Faith of the Standing Rock Sioux Tribe. “This pipeline should have never been built here. We told them that from the beginning.”
A broad coalition of Indigenous communities and organizations along with environmental groups are calling on banks to defund the Dakota Access pipeline and the four proposed new Tar Sands pipelines.