Tag Archives: Berkshire Hathaway

‘Major Step Forward’: AIG to Stop Insuring Coal, Tar Sands, and Arctic Drilling

“Organizing works,” said one advocacy group. “Now, all insurers must stop supporting fossil fuel expansion.”

By Kenny Stancil.  Published 3-1-2022 by Common Dreams

Insure Our Future Coalition at AIG’s NYC Headquarters on 12/7/2021. Photo: Insure Our Future, PDM-owner, via Wikimedia Commons

Climate justice advocates celebrated Tuesday in response to insurance giant AIG’s announcement that it will no longer invest in or provide insurance coverage for any new Arctic drilling activities nor will it finance or underwrite the construction of any new coal-fired power plants, thermal coal mines, or tar sands projects, effective immediately.

AIG also said that it will immediately stop investing in or underwriting “new operation insurance risks” of coal-fired power plants, thermal coal mines, or tar sands projects owned by corporations that derive 30% or more of their revenue from those industries or generate over 30% of their energy production from coal. Continue reading

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Report Reveals Major Corporations Are Funding Lawmakers Behind Anti-Democracy Bills

“It is now more urgent than ever to build a just transition away from fossil fuels and fight off attacks against protest and our freedom to vote, so that we can have a planet our communities can thrive on.”

By Brett Wilkins, staff writer for Common Dreams. Published 5-10-2021

Washington, DC erupts in celebration following the defeat of Donald Trump. Photo: Heartland Alliance

Numerous corporations have funded the political action committees of state lawmakers backing the recent spate of anti-voter and anti-protest bills, even as many of the companies have spoken out in defense of voting rights and democracy, a report published Monday by Greenpeace USA revealed

The report (pdf)—entitled Dollars vs. Democracy: Companies and the Attack on Voting Rights and Peaceful Protest—says that 44 state lawmakers sponsored at least one anti-protest bill and one anti-voter bill in the past year. It also reveals that 53 of the 100 top corporate donors to lawmakers sponsoring anti-voter bills also rank among the top 100 contributors to anti-protest measures. Continue reading

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