brunsbuttel-lng-rf-iof-letter-5.10.21-6f7233b0474d9d44.pdf

A coalition of NGOs, including Reclaim Finance and Urgewald, wrote to the CEOs of ten insurance companies (including Allianz, AXA, and Munich Re) demanding they stop insuring the Brunsbüttel LNG terminal in northern Germany. The authors argue that the project, promoted by Gasunie, will lock in greenhouse gas emissions for 30–50 years, contradicting the 1.5°C goal and risking the creation of a stranded asset. They highlight that the project costs €450 million, with up to €100 million from German taxpayers, and faces significant opposition from environmental groups and market analysts.

• The Brunsbüttel LNG project in northern Germany is described as climate-damaging and risks becoming a 'stranded asset' because its projected life span of 30–50 years coincides with the timeframe required for global decarbonization.
• The construction of the Brunsbüttel terminal is estimated to cost €450 million, with German taxpayers potentially contributing up to €100 million.
• Ten insurance companies are identified as underwriters for Gasunie, the Dutch state-owned energy company promoting the Brunsbüttel project: Allianz, AIG Europe, AXA, Chubb, HDI, Liberty Mutual, Munich Re, SCOR, Talanx, and Zurich Insurance Group.
• The project faces significant opposition from environmental groups, including Deutsche Umwelthilfe and the Climate Alliance Against LNG, which has already delayed the project by at least 3 years.
• The authors argue that fossil gas production must stop to meet 1.5°C targets, noting that methane—the primary component of fossil gas—is over 80 times more potent than CO2 over a 20-year period.

APA

Reclaim Finance (2021). brunsbuttel-lng-rf-iof-letter-5.10.21-6f7233b0474d9d44.pdf. https://reclaimfinance.org/site/wp-content/uploads/2021/10/Brunsbuttel-LNG-RF-IOF-letter-5.10.21-.pdf

Chicago

Reclaim Finance. brunsbuttel-lng-rf-iof-letter-5.10.21-6f7233b0474d9d44.pdf. 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/10/Brunsbuttel-LNG-RF-IOF-letter-5.10.21-.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=brunsbuttel-lng-rf-iof-letter-5.10.21-6f7233b0474d9d44.pdf |date=5 October 2021 |url=https://reclaimfinance.org/site/wp-content/uploads/2021/10/Brunsbuttel-LNG-RF-IOF-letter-5.10.21-.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2021brunsbuttellngrfiofletter510216f7233b0474d9d44pdf, author = {{Reclaim Finance}}, title = {{brunsbuttel-lng-rf-iof-letter-5.10.21-6f7233b0474d9d44.pdf}}, publisher = {Reclaim Finance}, year = {2021}, month = oct, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/10/Brunsbuttel-LNG-RF-IOF-letter-5.10.21-.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }