Learn more about Insurance for Climate Tech Companies
Global Climate Officer & Executive Director, Chubb Charitable Foundation
Global Climate Practice Leader & Chief Underwriting Officer - Natural Resources, Chubb Overseas General
Global Climate Practice Leader & Energy Industry Practice Leader, North America
Chubb Limited announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases. Chubb also announced that it will not provide insurance coverage for oil and gas projects in government-protected conservation areas in the World Database on Protected Areas that do not allow for sustainable use. The underwriting criteria for oil and gas extraction are part of an ongoing collaboration and consultation with environmental stakeholders and experts.
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