Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

Activists with Insure Our Future gathered outside Liberty Mutual's Boston and Seattle offices in December 2019 to demand the insure company "take bold action in the face of the climate emergency and stop insuring fossil fuels."

Activists with Insure Our Future gathered outside Liberty Mutual's Boston and Seattle offices in December 2019 to demand the insurer "take bold action in the face of the climate emergency and stop insuring fossil fuels." (Photo: Insure Our Future/Twitter)

Green Groups Urge Insurers to Drop Coverage of Trans Mountain Pipeline

"Now is the time to decisively say no to this destructive project."

Andrea Germanos

Over 140 advocacy groups released an open letter Thursday urging insurers of Trans Mountain to drop their coverage of the tar sands "megaproject" because it "puts Indigenous communities, drinking water, and our shared climate at grave risk."

"With the policy expiring at the end of August, now is the time to decisively say no to this destructive project," says the letter (pdf).

The call is addressed to AIG, Chubb, Energy Insurance Limited, Liberty Mutual, Lloyd's, Munich Re, Starr, Stewart Specialty Risk Underwriting, and W.R. Berkley. Spared from the list is Swiss insurance giant Zurich, which announced in a victory for campaigners two weeks ago that it would no longer cover the project

The demand from the groups including Rainforest Action Network, Greenpeace Canada, and the Union of BC Indian Chiefs is part of a tactic by climate activists to increase pressure on insurers to stop underwriting the fossil fuel project, which would triple the capacity of the Canadian government-owned existing pipeline and has faced multiple legal challenges and sustained resistance from First Nations communities.

The existing pipeline, groups wrote, "is a major public health and environmental hazard with a long history of spills and leaks," and the proposed expansion project "would multiply these risks tremendously."

Risks along supply chain abound, from releasing toxic pollutants and extracting vast amounts of fresh water resources to forest clearing to pipeline workers' threats to Indigenous women.

Problems continue once the oil reaches refiners, as they "are disproportionately located in communities of color, exposing Black and Latinx Americans to toxic chemicals, dangerous air quality, and explosive facilities at alarming rates," the letter says. And with "increased tar sands production, refineries are expanding and intensifying these threats to health and safety."

If the companies choose to continue underwriting the project, it will be a reflection "that your company is choosing corporate greed over people" says the letter, warning that doing so "will pose significant reputational risks to your business."

The groups further called on the insurers to not only discontinue coverage of Trans Mountain but "exit the tar sands sector entirely."

In a Thursday tweet promoting news converge of the letter, the Insure Our Future campaign, which pressures insurers to stop covering fossil fuel projects, singled out one of the companies named in the letter: Lloyd's of London.

Lloyd's "is the pipeline's biggest remaining insurer," the group wrote. "Why is it still ignoring climate science?"


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Texas Democrat Demands Federal Probe of Police Response to Uvalde Shooting

"State officials have provided conflicting accounts that are at odds with those provided by witnesses," said U.S. Rep. Joaquin Castro.

Jake Johnson ·


'No Time to Waste': New Nationwide March For Our Lives Protests Set for June 11

"Together, we rose up four years ago. One million of us demanded change. We built a movement. We voted for new leaders. And the gun deaths increased. Now is the moment we march again."

Brett Wilkins ·


'We Need Fewer Guns in Schools, Not More': Teachers Reject GOP Call for Armed Educators

"Teachers should be teaching, not acting as armed security guards," the president of a leading teachers' union asserted in the wake of the Robb Elementary School massacre in Texas.

Brett Wilkins ·


Faith Leaders, Teachers Mobilize for Protests at NRA's Houston Meeting in Wake of Uvalde Massacre

"Don't look away," said one advocacy group. "Rally against the NRA."

Julia Conley ·


NY Appeals Court Rules Trump and Two of His Kids Must Testify in Financial Fraud Case

"Our investigation will continue undeterred because no one is above the law," said New York Attorney General Letitia James.

Kenny Stancil ·

Common Dreams Logo