2022-06-23 15:55:03
[Forwarded from Isabelle]
SAVE THE DATE : Join the Marsh drop EACOP social media action Tuesday June 28 What: The #StopEACOP campaign, Insure Our Future campaign and FFF Uganda are organising a digital action demanding that global insurance broker Marsh drop the East African Crude Oil Pipeline (EACOP).
When: Tuesday June 28 (If you can’t participate on June 28th, please join the action until July 1st ideally)
Why now: Pressure is building within Marsh. More than 100 employees of Marsh McLennan, Marsh’s parent company, signed a letter urging the company not to broker insurance for EACOP, saying the project would have “disastrous consequences” for the climate*.
On June 30, Marsh will have an internal leadership event on sustainability, during which employees are prepared to ask about the company’s decision to support EACOP.
Now is a key moment to put international pressure on Marsh to ask them to drop EACOP. There is precedent for Marsh walking away from projects and now is the time for them to walk away from EACOP.
To achieve this, we need to increase public pressure on them and we need you to take action with us.
Background: A recent investigation* revealed that Marsh, the world’s biggest insurance broker, is responsible for finding insurers for the East African Crude Oil Pipeline (EACOP), the world’s longest heated oil pipeline.
All fossil fuel projects such as EACOP need insurance to move forward. Without insurers willing to cover the risks of EACOP, the developers will likely struggle to raise the funds they need from banks and investors. Already, 20 banks have committed not to fund EACOP.
EACOP will need multiple layers of insurance for the construction phase to move forward, but Total/CNOOC, the pipeline constructors, haven’t found insurers willing to cover it yet. Thanks to the #StopEACOP and Insure Our Future campaign efforts, 8 insurers have committed not to support EACOP. As the broker, Marsh will be in charge of approaching insurers and convincing them to underwrite EACOP.
How to participate:
Join the action on Tuesday June 28. Take a selfie photo with your sign saying “Marsh, drop EACOP”. On the bottom corner of your sign add in parenthesis the name of the country you are taking action from. Post your solidarity action selfie on social media channels (Twitter, Instagram, LinkedIn, Facebook) using #MarshdropEACOP.
All the details & key messages will be in this toolkit* that you can access on Monday.
Share the invitation to participate in this digital action with your network and friends. The more participation, the bigger the impact.
Send Marsh an email asking them to drop EACOP (the email tool will be in the toolkit).
SAVE THE DATE and join us next Tuesday. It takes no more than 15 minutes.
Please share this call to action with as many people and networks as you can. Stand in solidarity with people on the frontlines fighting EACOP and demanding climate justice. Join us next week.
*https://www.thebureauinvestigates.com/stories/2022-05-19/insurance-giant-marsh-signs-on-for-environmentally-disastrous-pipeline-project?token=pAM1H41nRsrJGvneDuoBvz-_GdKkTQGs
*https://www.ft.com/content/597a2b01-fb54-4fd3-b326-dadf52dc250a
*Toolkit link (accessible on Monday) https://docs.google.com/document/d/19UGV4rSbqToryyR7gdI0beedOQfQfziFc4RJNrytr2M/edit#heading=h.d0rgx1cd3l
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