Climate activists halt trading at Lloyd’s of London in fossil fuel protest
Climate protesters have used superglue, chains and bike locks to block entrances to halt all trading at major insurance marketplace Lloyd’s of London:
BREAKING: Lloyd’s of London HALTS all trading as Extinction Rebellion army blocks all City entrances –> https://t.co/xCSSwWyZBE #extinctionrebellion #XR #LloydsofLondon #ClimateCrisis #XRPArmy pic.twitter.com/0ual72sGmT
— City A.M. (@CityAM) April 12, 2022
XR Rebels locked on at Lloyds of London building, today. By insuring Fossil Fuel companies, @LondonLloydsof are ensuring the death of our planet. #ExtinctionRebellion pic.twitter.com/tHIkoT00uI
— ReclaimOurEarth 🍃💚🍃 (@OurReclaim) April 12, 2022
Extinction Rebellion (XR) said more than 60 activists had been at the central London building since 7am on Tuesday 12 April. They aim to close the business for the day.
The environmental protest group said it is demanding that Lloyd’s of London stops insuring fossil fuel projects. It
“End Fossil Fuels Now”
XR said people had also scaled the outside of the building and unfurled banners reading “End Fossil Fuels Now” and “Insure Climate Justice”.
As employees arrived for work to find the building closed, they were greeted by members of XR’s TruthTeller project. The TruthTellers invited them to blow the whistle about any planet-damaging plans being insured by Lloyds. A flier addressed “Dear Lloyds of London” noted that CEO John Neal recently backtracked on a report that promised to phase out the most damaging activities by 2030.
The note asked:
As a fellow human being are you happy to help him take us down this highly dangerous path? As a Lloyd’s professional, do you think it makes long-term business sense to double down on a doomed sector? If not, we invite you to speak up. We also invite you to whistleblow.
The demand to end fossil fuel investments
The action comes after activists from Just Stop Oil and Extinction Rebellion closed Tower Bridge for several hours last Friday morning.
Police were called to the bridge after protesters occupied the famous landmark and unveiled a green banner reading: “End fossil fuels now”.
Of Tuesday’s demonstration, XR spokesperson Clare Walmsley said:
We’re here to demand an end to all new fossil fuel investments and insurance. By underwriting the world’s most deadly fossil fuel projects, they are creating climate chaos – floods, famine, wildfires and death.
Insuring new oil and gas projects in the North Sea will do nothing to solve the cost of living crisis either. Instead, it locks us into a system that’s already pushing millions into poverty.
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