WASHINGTON, D.C. (August 7, 2024)–In a significant victory for environmental justice communities, insurance giant Chubb has dropped its coverage for the Rio Grande LNG project. The move comes after months of pressure from Carrizo/Comecrudo Tribe of Texas and South Texas Environmental Justice Network, and the Insure Our Future coalition. Greenpeace USA Climate Campaigner Destiny Watford said: “Chubb’s withdrawal is a clear example of community power in action. This news serves as proof that grassroots organizing works, and with our collective efforts, we can make real change to stop harmful fossil fuel projects. The Carrizo/Comecrudo Tribe’s inspiring resistance in particular was pivotal in protecting our environment, public health, and their own sacred sites.
“This victory follows earlier successes with five banks, including SMBC and Société Générale, who refused to finance this toxic project. By exiting Rio Grande LNG, Chubb sets a precedent for other insurers to follow.”
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Contact: Katie Nelson, Greenpeace USA Senior Communications Specialist, [email protected], +1 (678) 644-1681
Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.
