Letter to Lloyd's managing agents - final.docx

Reclaim Finance has called on Lloyd's of London managing agents to stop providing stamp capacity for new thermal and metallurgical coal mines, thermal power stations, oil and gas fields, and LNG terminals by January 1, 2025. The organization argues that current commitments are "insufficient" and that continued support for fossil fuel expansion contradicts the International Energy Agency's (IEA) Net Zero Emissions Scenario, which requires a halt to new fossil fuel developments and a ten-fold increase in energy transition investments relative to fossil fuel spending by 2030.

• Reclaim Finance asserts that Lloyd's of London's existing restrictions on certain coal, oil sands, and Arctic oil and gas projects, alongside its 2050 net zero commitment, are "insufficient" because the market "continues to support the expansion of fossil fuels."
• The document cites the International Energy Agency (IEA) Net Zero Emissions Scenario, which calls for an end to new coal projects, oil and gas fields, and LNG terminals, and suggests that by 2030, US$10 should be invested in energy transition solutions for every dollar invested in fossil fuels.
• Reclaim Finance demands that managing agents commit to ending stamp capacity for new thermal and metallurgical coal mines, thermal power stations, oil and gas fields (conventional and unconventional), and LNG terminals by January 1, 2025.
• Reclaim Finance intends to publish a report on June 10, 2024, to evaluate the climate commitments of all Lloyd's managing agents.

APA

Pinson, L. (2024). Letter to Lloyd's managing agents - final.docx. Reclaim Finance. https://reclaimfinance.org/site/wp-content/uploads/2024/10/Letter-to-Lloyds-managing-agents-final.docx.pdf

Chicago

Pinson, Lucie. Letter to Lloyd's managing agents - final.docx. Reclaim Finance, 2024. https://reclaimfinance.org/site/wp-content/uploads/2024/10/Letter-to-Lloyds-managing-agents-final.docx.pdf.

Wikipedia

{{cite press release |last1=Pinson |first1=Lucie |title=Letter to Lloyd's managing agents - final.docx |publisher=Reclaim Finance |date=15 April 2024 |url=https://reclaimfinance.org/site/wp-content/uploads/2024/10/Letter-to-Lloyds-managing-agents-final.docx.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{pinson2024letter, author = {Pinson, Lucie}, title = {{Letter to Lloyd's managing agents - final.docx}}, publisher = {Reclaim Finance}, year = {2024}, month = apr, url = {https://reclaimfinance.org/site/wp-content/uploads/2024/10/Letter-to-Lloyds-managing-agents-final.docx.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }