Marsh McLennan responds to reports it is broking for oil pipeline project
Marsh McLennan has declined to confirm if it is arranging insurance for the East Africa crude oil pipeline but said it recognised the importance of a “secure energy supply” and flagged its commitment to helping businesses develop low-carbon models.
The global business had been jointly named by the Financial Times and the Bureau of Investigative Journalism as the broker organising cover for the controversial project.
According to the reports, around 100 Marsh employees have protested the involvement in the form of a letter to management which warns of “disastrous consequences” and questions how client trust in the broker’s ability to give advice on climate risk may be eroded due to supporting the project.
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