Fairfax Financial Holdings, a Canadian-based insurance and investment conglomerate, is increasingly criticised for its significant and persistent backing of the fossil fuel industry. Despite widespread calls for insurers to divest from carbon-intensive assets due to escalating climate-related losses, Fairfax remains a notable outlier, ranking among the largest global insurers of fossil fuel projects. According to a review by Investors for Paris Compliance, Fairfax’s fuel investments amounted to over $1.5 billion in 2023. Shareholder proposals pushing for greater climate transparency and the disclosure of financed emissions have faced resistance, indicating a clear disinterest in aligning its portfolio with global climate goals.