Ethical super fund says QBE ‘not joining the dots’ between fossil fuel projects and rising premiums

Image: Here’s how the fossil fuel barons who are raking in billions, are making you poorer. The burning of coal/gas ⬆️ global temps, that ⬆️ #climate catastrophes, that ⬆️ insurance costs, that ⬆️ CPI, that ⬆️ inflation, and ⬆️ mortgages. They profit, we pay. Comment: Dr Rhonda Garad @rhondagarad.bsky.social @RhondaGarad

Source: Australian Bureau of Statistics, Consumer Price Index, Australia March Quarter 2025

While a growing number of insurers, lenders and coal, oil and gas companies state their support for the 2015 Paris agreement, many policies allow for the development of new fossil fuel reserves. Photograph: Design Pics/Alamy

Australian Ethical, which holds $56m worth of QBE shares, calls on insurer to overhaul its policies which allow it to underwrite oil and gas projects without restriction before AGM

The Guardian

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