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#Allianz

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CelloMom On Cars

"Allianz has done more than most #insurance companies in trying to keep emissions out of the atmosphere. It has committed to no longer insure new oil and gas fields, an effective lever to stop those projects in their tracks.

But #Allianz has a number of asset management firms, including the US giant PIMCO. And these are still supporting companies developing new #OilAndGas fields."

thebureauinvestigates.com/stor

TBIJAllianz’s board says it’s time to save the planet. They can start…The financial giant refuses to insure new oil and gas projects, but its asset management firms are still investing in fossil fuels
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PursuitOfElysia

Günther Thallinger, a board member of Allianz SE (look them up if you haven't heard of them, massive corporation) has warned that the world is quickly approaching a situation wherein the worsening climate crisis makes the concept of capitalism and global markets themselves impossible.
The world's economy is built atop the ability to insure losses and this is becoming inviable.
theguardian.com/environment/20

The Guardian · Climate crisis on track to destroy capitalism, warns top insurerBy Damian Carrington
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O=C=O

Capitalism Eating Itself by Fueling Climate Mayhem, Warns Capitalist

If humanity stays on current course, warns top insurer, the "financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable."

According to GüntherThallinger, a former top executive at Germany's branch of the consulting giant #McKinsey & Company and currently a board member of #Allianz SE, one of the largest insurance companies in the world, the #ClimateCrisis is on a path to destroy #capitalism as we know it.

"We are fast approaching temperature levels—1.5C, 2C, 3C—where #insurers will no longer be able to offer coverage for many" of the risks associated with the #climate crisis, Thallinger writes in a recent post highlighted Thursday by #TheGuardian.

There is no way to "adapt" to temperatures beyond human tolerance. There is limited adaptation to #megafires, other than not building near #forests. Whole cities built on flood plains cannot simply pick up and move uphill. And as temperatures continue to rise, adaptation itself becomes economically unviable.

Once we reach 3°C of warming, the situation locks in. Atmospheric energy at this level will persist for 100+ years due to carbon cycle inertia and the absence of scalable industrial carbon removal technologies. There is no known pathway to return to pre-2°C conditions. (See: #IPCC AR6, 2023; NASA Earth Observatory: "The Long-Term Warming Commitment")

At that point, risk cannot be transferred (no insurance), risk cannot be absorbed (no public capacity), and risk cannot be adapted to (physical limits exceeded). That means no more mortgages, no new real estate development, no long-term investment, no financial stability. The financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable.

commondreams.org/news/capitali

Common Dreams · Capitalism Eating Itself by Fueling Climate Mayhem, Warns Capitalist | Common DreamsIf humanity stays on current course, warns top insurer, the "financial sector as we know it ceases to function. And with it, capitalism as we know it ceases to be viable."
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Lucomo

#Allianz warnt: #Versicherungen werden bald in vielen Bereichen ihr Angebot einstellen.

Wegen der #Klimakrise.

Und ohne Versicherungen bricht der #Kapitalismus mehr oder weniger in sich zusammen.

"The world is fast approaching temperature levels where insurers will no longer be able to offer cover …

… without insurance … many other financial services become unviable, from mortgages to investments."

theguardian.com/environment/20

The Guardian · Climate crisis on track to destroy capitalism, warns top insurerBy Damian Carrington
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Forum Informatik für Frieden

#Demokratie schützen, Gemeinwohl fördern: Online-#Plattformen brauchen Kontrolle

Gemeinsamer offener #Brief an die Parteien der aktuellen Sondierungsgespräche für die zukünftige Regierung Deutschlands

Nicht erst die jüngsten Entwicklungen nach der US-Wahl unterstreichen die Gefahren für Demokratien, die von großen Online-Plattformen ausgehen. Daher müssen sie wirksam reguliert und um gemeinwohlorientierte Alternativen ergänzt werden.

Dies fordert eine breite #Allianz aus Vertreter:innen der #Zivilgesellschaft, Gewerkschaften, Verbraucherschutz, Kirchen und Digitalwirtschaft in einem offenen Brief an #Union und #SPD.

Zentral sind dabei drei Handlungsfelder:

💫 Bestehende Regulierung wirkungsvoll umsetzen
💫 Regulierung zielgerichtet ergänzen
💫 Gemeinwohlorientierte digitale Plattformen aufbauen und stärken

Der ganze Brief findet sich hier: blog.fiff.de/demokratie-schutz

FIfF e.V. · Demokratie schützen, Gemeinwohl fördern: Online-Plattformen brauchen KontrolleGemeinsamer offener Brief an die Parteien der aktuellen Sondierungsgespräche für die zukünftige Regierung Deutschlands
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Estelle Platini

Expropriation from the European Jews transfered properties billions worth. From then on, the grabbed money and wealth mostly followed laws of ownership and capitalism. Only in #Germany, they grew into companies and assets in the realm of between €300 billion and €1 trillion.

In their book , Katharina and Zachary #Gallant write:
"Hitler didn't produce Zyklon-B and profit off of its use in the murder of millions: Degesh, Degussa, Henkel, and IG Faben did. Hitler didn't rip the shares of major companies from their Jewish owners, … major German businesses did… And it wasn't Hitler who took over houses and properties that had belonged to Jews through Aryanization, it was everyday Germans, many of whose families still live in those homes today."

mock-up: znetwork.org/znetarticle/hitle 🧶

#Denazification#Aufarbeitung#history
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Estelle Platini

Expropriation from the European Jews transfered properties billions worth. From then on, the grabbed money and wealth mostly followed laws of ownership and capitalism. Only in #Germany, they grew into companies and assets in the realm of between €300 billion and €1 trillion.

In their book , Katharina and Zachary Gallant write:
"Hitler didn't produce Zyklon-B and profit off of its use in the murder of millions: Degesh, Degussa, Henkel, and IG Faben did. Hitler didn't rip the shares of major companies from their Jewish owners, … major German businesses did… And it wasn't Hitler who took over houses and properties that had belonged to Jews through Aryanization, it was everyday Germans, many of whose families still live in those homes today."

mock-up: znetwork.org/znetarticle/hitle 🧶

#Denazification#Aufarbeitung#history
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Marcus Regenberg | marreg

Riester-Rente: Neues Urteil zugunsten der Verbraucher*innen
­
Die #Finanzwende-Kritik an nachträglichen #Riester-Rentenkürzungen wurde jetzt vom Oberlandesgericht in Stuttgart bestätigt: Ende Januar entschieden die Richter*innen, dass die einseitige #Rentenkürzung der #Allianz bei einer fondsgebundenen Riester-Rente unwirksam war. Endgültige Klärung bringt wohl erst eine höchstrichterliche Entscheidung. Das neuerliche Urteil zeigt aber: Es lohnt sich, dran zu bleiben! Finanzwende streitet derzeit in Köln gemeinsam mit der Verbraucherzentrale NRW in einem ähnlichen Fall gegen die Zurich.

→ finanzwende.de/presse/riester-

www.finanzwende.deRiester-RentenkürzungenAllianz hat Kunden benachteiligt
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