Activists plan disruption because of insurer's underwriting of coal
Activists from Extinction Rebellion hold a banner outside the Lloyd's of London building in the City of London financial district in London, Britain, in this April 12 2022 file photo. Picture: REUTERS/HENRY NICHOLLS
Since Lloyd’s sent out invitations for the May 19 AGM on April 19, “the risk of disruption has significantly increased”, chair Bruce Carnegie-Brown said in a notice on the market’s website dated May 10. Climate activist groups Extinction Rebellion and Mothers Rise Up have previously staged protests outside the Lloyd’s of London tower in the City of London, particularly around the market’s underwriting of coal.“Instead of trying to hide from public anger by shifting their AGM online, Lloyd’s needs to be brave, take bold action and stop insuring morally hazardous projects,” Extinction Rebellion UK said in an emailed statement.
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