Lloyd's Becomes Latest Firm To Exit UN's Net-Zero Alliance
(www.zerohedge.com)
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0.04%
$95 trillion dollar a year global economy hinged on controlling a gas that is 0.04% of the atmosphere
Madness
The Net-Zero Insurance Alliance (NZIA), convened by the United Nations, seeks to commit group members, composed of the world’s leading insurers and reinsurers, to fighting climate change. As part of this, members have to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050. On Friday, Lloyd’s of London quit the NZIA. This took the total number of members who have quit NZIA this week alone to six, which represents a fifth of the organization’s total of 30 members. Since March, a total of 10 members have quit NZIA.
Read it as NAZI for a second.
Are you a lefty, who sees nazis everywhere?
Have you lefties in your family - it might be contagious?
Have you recently been exposed to heavily bullying with being told to be a NAZI for a longer time?
NZIA sounds like just another lame scam to extract money and control from free people and nations.
People are realizing there is no possible way to achieve "Net Zero" without destroying entire industries vital to the public
Courtesy of amazon, created by ENERGYminute It was a particularly tough week for former bank governor turned climate finance leader Mark Carney and the Net Zero Insurance Alliance (NZIA).
Background: The NZIA was formed in 2021 when many of the world’s largest insurance companies banded together to set targets for their portfolios that align to a net-zero emissions target for 2050. Sounds great, right?
Not to everyone
US Republican lawmakers have been suggesting that the collective commitments of NZIA members may violate federal and state antitrust laws. • That's not ideal, because if there’s one thing that insurance companies like more than the climate, it’s the ability to make money in the largest insurance market in the world. Exiting, stage left: AXA, Allianz and SCOR all quit the NZIA this week to “continue [their] individual climate journey[s]," following in the footsteps of Swiss Re, Munich Re, Zurich Insurance, and Hannover Re. • Twenty three members remain, though some are expressing similar concerns. Zoom out: Climate policy is currently walking a fine line between making an impact while not whipping up too much political opposition.
Follow the money to know the signs of the time!