Fossil Fuels: Insurance and Investment

(asked on 28th January 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will hold discussions with (a) Lloyd’s of London and (b) other insurance companies on the provision of (i) insurance and (ii) investment to fossil fuel companies in the context of the Government's climate policies.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Economic Secretary (HM Treasury)
This question was answered on 4th February 2025

The Treasury has not made an assessment. The Government and relevant regulatory bodies will continue to engage with insurance industry representatives, including Lloyd’s of London, to ensure insurers' practices support the transition to a low-carbon economy.

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