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Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages

November 29, 2021

A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the insurance industry.

The tactic urged by The Sunrise Project, which has not previously been reported, faces an uphill battle.

Swiss Re Chief Executive Officer Christian Mumenthaler, in an interview at the upcoming Reuters Next conference, advocated a gradual path of decarbonization and said such lawsuits “would not be compatible, I think, with our philosophy.”

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