Calls for Government Review of Flood Re's Fossil Fuel Investments
1 report, 1 independent
Updated Sep 21
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What happened
Flood Re is currently facing government scrutiny regarding its investment practices as part of ongoing policy reforms. This pressure comes from calls by MPs and climate change activists. They are urging the government to investigate whether insurers benefiting from Flood Re should also be financing or underwriting fossil fuel projects.
From postonline.co.uk
Why it matters
The calls follow an investigation conducted by The Bureau of Investigative Journalism, which utilized data compiled by the campaign group Urgewald. The pressure focuses on the investment choices made by entities within the scheme.
Flood Re is undergoing necessary reforms where premiums are tied to council tax bands.
From postonline.co.uk
Who's involved
- Flood ReThe insurance scheme under review regarding its investment practices.
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The entities involved
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Flood Re
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