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AIG's New Climate Commitments a Major Step Forward for Insurance Industry's Transition Away from Fossil Fuels
Insurance Giant Rules Out Support for New Coal, Tar Sands, and Arctic Energy Exploration Projects and Commits to Net Zero Emissions by 2050 for Underwriting and Investments
WASHINGTON
American International Group Inc. (NYSE: AIG) today announced major new company-wide climate commitments, including commitments to no longer provide underwriting and investments in the construction of any new coal-fired power plants, thermal coal mines, or oil sands. Further, the company will stop providing insurance cover and investments in any new Arctic energy exploration.
The commitments, which come after years of pressure from Public Citizen, Insure our Future, and other environmental groups, will also phase out existing underwriting and investments in companies by January 1, 2030 with 30 percent or more of revenue from coal or oil sands, or 30 percent electricity generated from coal.
"As one of the last major insurers without restrictions on coal insurance, AIG's new commitments to reduce underwriting for coal, tar sands oil, and Arctic oil and gas are a major step forward for people and the planet," said Hannah Saggau, insurance campaigner with Public Citizen. "AIG has vaulted itself from a laggard in the industry to a leader in the U.S., and we look forward to working with it to meet and improve on these commitments."
In addition to pumping the brakes on coal and tar sands projects, AIG is also committing to reach net zero greenhouse gas emissions across its underwriting and investment portfolios by 2050 and adopt science-based emissions reduction targets in line with the goals of the Paris Agreement. In the company's statement, AIG committed to release more information about its phase-out of fossil fuels in the coming months and to provide transparent reporting of its progress.
For over a year, Public Citizen has used direct actions, petition drives, policy advocacy, and behind the scenes pressure aimed at AIG and its CEO Peter Zaffino to demand the company stop supporting the fossil fuel expansion driving the climate crisis.
Today's announcement marks the beginning of a new chapter in the campaign to improve AIG's fossil fuel policies. AIG joins over 37 companies that have committed to end or restrict insurance for new coal projects, including Travelers, which recently adopted a policy. Among major U.S. insurance companies analyzed in Insure Our Future's 2021 Scorecard on Insurance, Fossil Fuels, and Climate Change, only Berkshire Hathaway and W.R. Berkley still underwrite coal with no restrictions.
While these commitments represent major steps, the new AIG policy needs clarification and improvement.
"Ending support for coal expansion projects is strong and necessary--and it should be extended to all fossil fuels," said Saggau. "The International Energy Agency has made it clear that to avoid climate catastrophe, there is no room for any fossil fuel expansion. AIG's commitment to science-based climate targets should mean an end to all fossil fuel expansion, but today's announcement doesn't address that question."
The new policies could have real impacts on ongoing projects around the world.
Notably, AIG's commitment makes it the first U.S. insurer to rule out insurance for Arctic energy exploration, which poses grave threats to Indigenous rights and local ecosystems. At least 12 insurers have restricted support for oil and gas drilling in the Arctic Refuge. At the same time, however, today's release from the company does not clearly define what areas of the Arctic nor what kind of energy exploration activities are covered by its commitment, nor does it implement a broader policy to ensure that all of the projects it insures have obtained the Free, Prior, and Informed Consent of impacted Indigenous communities.
In Canada, in the most recently publicly available insurance certificate, AIG provided coverage for the Trans Mountain Pipeline. The pipeline is a major environmental hazard and a violation of First Nations' rights, and its expansion project consists of an entirely new pipeline that would ship more than 590,000 barrels per day of highly polluting tar sands crude oil to the coast of British Columbia. While the commitments released today ruled out insurance for the construction of any new oil sands projects, it is not clear if this includes tar sands transport projects like the Trans Mountain expansion.
"As one of the remaining potential insurers of the Trans Mountain pipeline, AIG's commitment to rule out insurance for some tar sands projects is a first step but not enough," said Charlene Aleck, spokesperson for the Tsleil-Waututh Nation Sacred Trust Initiative. "The Trans Mountain pipeline violates Indigenous rights and threatens our land, water, and climate. With the cost ballooning to C$21.4 billion, and the need for more private investment, this pipeline is as risky as ever. AIG must wake up to the significant financial, reputational, and environmental risks of the highly polluting tar sands sector and explicitly rule out insurance for all new tar sands transport projects."
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
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The Atlantic Says FBI Investigation Into Its Reporting Would Be a 'Dangerous Attack on the Free Press'
One press freedom advocate said the reported FBI investigation "would be outrageous even if The Atlantic reported classified information, which it didn’t."
May 06, 2026
The Federal Bureau of Investigation on Wednesday denied that it launched a reported probe into The Atlantic, which recently published a damning account of FBI Director Kash Patel’s alleged drunkenness, though magazine leadership and press freedom advocates remain alarmed.
As reported by MS NOW on Wednesday, the FBI is conducting a criminal leak investigation into The Atlantic's Sarah Fitzpatrick, whose reporting on Patel cited two dozen anonymous sources to document concerns about the FBI director's behavior.
MS NOW noted that the investigation into Fitzpatrick's reporting is "highly unusual because it did not stem from a disclosure of classified information" on the part of government insiders.
One source told MS NOW that the FBI agents assigned to the case have expressed serious reservations about its scope and purpose.
"They know they are not supposed to do this," the source said. "But if they don’t go forward, they could lose their jobs. You’re damned if you do and damned if you don't."
FBI spokesperson Ben Williamson denied to MS NOW that the agency had launched an investigation into Fitzpatrick, saying that "every time there’s a publication of false claims by anonymous sources that gets called out, the media plays the victim via investigations that do not exist."
Jeffrey Goldberg, editor-in-chief of The Atlantic, said the magazine was working to learn more about the alleged investigation, but "if true, this would be an outrageous, illegal, and dangerous attack on the free press and the First Amendment."
"We will defend Sarah and all of our reporters who are subjected to government harassment simply for pursuing the truth," Goldberg added.
Seth Stern, chief of advocacy at the Freedom of the Press Foundation, also condemned the reported investigation, which he said "would be outrageous even if The Atlantic reported classified information, which it didn’t."
"The FBI is reportedly conducting an invasive leak investigation merely to settle a personal vendetta," added Stern. "Separately, it doesn’t make much sense for Patel’s FBI to investigate leaks from what Patel’s lawsuit over the same reporting called ‘sham sources.’ Fake sources can’t leak."
Patel last month filed a $250 million defamation suit against The Atlantic for its report on his behavior, which the magazine said included "episodes of excessive drinking and unexplained absences."
The Atlantic vowed to fight the lawsuit, saying it stood by its reporting while describing Patel's complaint as "meritless."
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‘This Is a Lie’: Rubio Falsely Claims That There Is No US Blockade on Oil Entering Cuba
"The secretary knows very well the damage and suffering that the criminal oil siege he himself proposed to his president is causing the Cuban people today," said Cuban Foreign Affairs Minister Bruno Rodríguez.
May 06, 2026
Peace advocates joined Cuba's top foreign relations official on Wednesday in accusing US Secretary of State Marco Rubio of blatantly lying about the existence of a blockade on oil exports to Cuba, which Rubio denied at a press briefing on Tuesday.
Anti-war group CodePink pointed to comments made by the US chargé d'affairs to Cuba, Mike Hammer, after President Donald Trump signed an executive order on January 29 threatening other countries with tariffs if they provided the communist country with oil and accusing the Cuban government of harboring terrorists—a claim officials have vehemently denied.
"Now there's going to be a real blockade," said the diplomat at the time. "Nothing is getting in. No more oil is coming."
Cuba's primary source of fuel had been cut off earlier in January after the US invaded Venezuela, killed dozens of Venezuelans and Cubans while abducting President Nicolás Maduro, and took control of the country's oil supply.
However, on Tuesday Rubio claimed that Venezuela had freely decided to no longer supply Cuba with "free oil"—an apparent reference to a barter system agreed to by the two countries.
"This is a lie," said CodePink in response to Rubio's comments.
Cuban Foreign Affairs Minister Bruno Rodríguez added that Rubio had "simply chosen to lie" about the Trump administration's policy, contradicting both Trump and White House press secretary Karoline Leavitt.
"In four months, only one fuel tanker has arrived in Cuba. All our suppliers are intimidated and threatened in violation of free trade rules and freedom of navigation," said Rodríguez.
He also pointed to Trump's new executive order, signed last Friday, which imposed new sanctions on Cuba's energy, finance, and security sectors and threatened to further isolate Cuba from international finance systems by authorizing sanctions on foreign banks that conduct major transactions with designated Cuban entities.
"The secretary knows very well the damage and suffering that the criminal oil siege he himself proposed to his president is causing the Cuban people today," said Rodríguez.
In late March, Leavitt said that an oil tanker from Russia had been permitted by Trump to reach Cuba for "humanitarian reasons," but denied there had been any policy change regarding allowing international fuel shipments to be sent to the island.
Decisions about shipments “are being made on a case-by-case basis,” said Leavitt at the time. "There has not been a formal change in sanction policy.”
Since Trump ramped up the blockade in January—intensifying a sanctions policy that the US has imposed on Cuba for more than six decades—nearly 100,000 Cubans, including about 11,000 children, have been left waiting for surgeries as the fuel shortage has led to rationing and frequent blackouts that have impacted the healthcare system. Healthcare workers have reported shortages of syringes, antibiotics, and IV supplies.
The Center for Economic Policy and Research (CEPR) also found last month that Trump's tightened sanctions and policies regarding Cuba, starting in his first term, have contributed to an “unprecedented increase” in the country's infant mortality rate, which soared 148% from 2018-25.
“It is clear that the increase in sanctions is responsible for this huge increase in infant deaths,” said Alex Main, director of international policy at CEPR, on Wednesday. “The oil blockade has been especially inhumane, disrupting the operation of ventilators, inhalers, and other crucial medical equipment and crippling emergency transportation. More than 80% of Cuba’s electricity is based on oil and oil products.”
US lawmakers who visited the island in April denounced the oil blockade as "cruel collective punishment" that has caused a water shortage, forced businesses and schools to shut down, and left cancer patients without lifesaving medications.
"Rubio is willfully lying" about the blockade, said Mexico City-based journalist José Luis Granados Ceja.
At Tuesday's press conference, after denying the blockade exists, Rubio pivoted to the Trump administration's position that Cuba's "economic model doesn't work" and blamed the country—whose healthcare system and literacy rates are frequently ranked higher than those of the US—for the crisis it's facing.
"Incompetent communists run that country. They don’t know how to fix it," said Rubio, the son of Cuban immigrants. "So it’s an unacceptable status quo, and we’ll be addressing it."
While joining Israel in waging war on Iran in recent months, the Trump administration has repeatedly suggested it hopes to take military action against Cuba.
Last Friday, the president said the US military "will be taking [Cuba] over almost immediately."
On Wednesday, CEPR and YouGov released a new poll that found 64% of Americans oppose a US military takeover of Cuba.
"This should make President Trump think twice about another ‘war of choice,’” said Mark Weisbrot, senior economist and co-director of CEPR. “Almost all of the experts on Cuba would laugh at the idea that Cuba presents a security threat to the United States. And the war against Iran has already cost Trump and his party significant support.”
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Trump Counterterrorism Strategy Puts 'Anti-Fascists' on Par With ISIS, Al-Qaeda
"The global War on Terror has come home."
May 06, 2026
The Trump administration on Wednesday released an official counterterrorism strategy that puts "anti-fascist" organizations on par with terrorist organizations such as Islamic State and al-Qaeda.
In outlining its strategy, the document argues that the US faces three "major type" of terrorist threats: "Legacy Islamiast Terrorists," such as al-Qaeda and ISIS; "Narcoterrorists" that sell illegal drugs; and "Violent Left-Wing Extremists, including Anarchists and Anti-Fascists."
When it comes to the purported domestic left-wing threats, the document says the administration will "prioritize the rapid identification and neutralization of violent secular political groups whose ideology is anti-American, radically pro-transgender, and anarchist."
"We will use all the tools constitutionally available to us to map them at home," the document adds, "identify their membership, map their ties to international organizations like Antifa, and use law enforcement tools to cripple them operationally before they can maim or kill the innocent."
The document makes no mention of the threat posed by members of right-wing groups such as the Oath Keepers and Proud Boys, many of whom received pardons from President Donald Trump in 2025 for their role in violently storming the US Capitol building on January 6, 2021.
A report published last year by the Center for Strategic and International Studies found that, while left-wing political violence has grown since Trump's first election in 2016, it "remains much lower than historical levels of violence carried out by right-wing and jihadist attackers."
Journalist Ken Klippenstein reported on Wednesday that the strategy "is the brainchild of White House counterterrorism czar Sebastian Gorka, an eccentric figure I have reported on, who last year hinted at terrorism charges being levied for political opponents of the administration."
Digging into the details of the document, Klippenstein said it was essentially a strategy for prosecuting "pre-crime," which he noted "aims to build cases against people for what they might do, most ominously based on speech or beliefs."
At the end of his analysis, Klippenstein warned that the document makes clear "the global War on Terror has come home."
The counterterrorism strategy document builds on the framework established by National Security Presidential Memorandum-7 (NSPM-7), a directive signed by Trump in September that demanded a “national strategy to investigate and disrupt networks, entities, and organizations that foment political violence so that law enforcement can intervene in criminal conspiracies before they result in violent political acts.”
Rights groups have for months been sounding the alarm about the implications of NSPM-7, which they said could be used to initiative a widespread crackdown against the Trump administration’s critics.
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