On Thursday 29 February, more than 15 climate justice groups came together to highlight AXA’s insurance of fossil fuel projects and investments in banks and companies that are financing or complicit in enabling Israeli illegal settlements and genocide in Palestine.
AXA is the 6th biggest insurer of oil and gas in the world, making it one of the biggest insurers of the climate crisis fueling conflict, food insecurity, and displacing millions of people, mainly in the Global South. AXA also invests in a number of financial institutions and companies responsible for creating, sustaining and growing illegal Israeli settlements built on stolen Palestinian land, such as Israeli bank Hapoalim, Airbnb and Carrefour. These settlements are considered war crimes under international law.
Outside AXA headquarters in London, activists constructed a recreation of a military checkpoint and the apartheid wall which dissects Palestinians in the occupied West Bank from their land and people everyday — bringing the reality of so many Palestinians to the doorstep of the company amid the ongoing genocide in Gaza.
Our demands to AXA:
- Divest for good from banks and companies that are directly financing or are complicit in enabling Israeli illegal settlements and genocide;
- Stop insuring new oil and gas fields without exception, including new LNG terminals and any fossil fuel-based hydrogen.
Insure our Future
This action took place during the Insure Our Future week of action, which ran from 26th February to 3rd March and featured grassroots groups and activists from across the world coming together to demand action, with events taking place in the UK, USA, Japan, South Korea, Uganda, DRC, Switzerland, France, Peru, Colombia, Germany, and Czechia. Demands to the industry include immediately stopping insuring new fossil fuel projects, phasing out support for existing coal, oil and gas projects, respecting human rights and supporting a just transition.
Media coverage
Photo gallery
This action was our movement’s biggest mobilisation in solidarity with Palestine so far this year. It was organised through a coalition of organisations including: Climate Justice Coalition, Coal Action Network, Ekō, Extinction Rebellion, Fossil Free London, Green New Deal Rising, Global Justice Now, Just Stop Oil, Money Rebellion, Platform, #StopEACOP, #StopRosebank, Tipping Point, War on Want, WeSmellGas and Workers for a Free Palestine.
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