A remedy in sight for fossil fuel de-addiction?

Illuminem

January 31, 2024

https://illuminem.com/illuminemvoices/a-remedy-in-sight-for-fossil-fuel-deaddiction

Can insurers push back the #fossilfuel industry? From the emerging signals, howsoever faint, I believe insurers have the resolve to push back. Here is some evidence. Even at the cost of sounding far-fetched, we must begin somewhere.

This Op-ed for illuminem cites how U.S. insurers responded to the Opioid crisis. They made McKinsey & Co. accountable for ‘turbocharging’ the OxyContin sales.

The recent news on the consulting firm paying up US $78 million, to settle claims from insurers and healthcare funds, needs to be in the least welcomed if not celebrated. In turn insurers (and reinsurers) must think afresh before completely writing off the Net-Zero Insurance Alliance (#NZIA). “Concerns over antitrust risk” is not proximate enough a cause to abandon NZIA.

Needless to mention, there may be no time for Lloyd’s kind of an apology for the past shortcomings – given the pace of #Climatebreakdown.

There is a remedy in sight for fossil fuel de-addiction!