Activists Ramp Up Pressure on Other Insurers After Swiss Company Ditches ‘Climate-Wrecking’ Trans Mountain Pipeline: “Zurich’s decision to drop Trans Mountain demonstrates that it’s waking up the risks of this toxic project to Indigenous land rights, local ecosystems, and the planet,” said Elana Sulakshana, energy finance campaigner at Rainforest Action Network (RAN).

The decades-old pipeline has a long history of spills—including one at a pump station in British Columbia last month—and Indigenous groups and climate campaigners have spent years in court fighting against the expansion project known as TMX.

“Some of Zuirch’s peers in the global insurance industry are also taking note, as eight companies now have policies that limit or end insurance coverage for tar sands,” said Sulakshana. “It’s way past time for Liberty Mutual and Chubb to follow suit.”

Activists Ramp Up Pressure on Other Insurers After Swiss Company Ditches ‘Climate-Wrecking’ Trans Mountain Pipeline: “Zurich’s decision to drop Trans Mountain demonstrates that it’s waking up the risks of this toxic project to Indigenous land rights, local ecosystems, and the planet,” said Elana Sulakshana, energy finance campaigner at Rainforest Action Network (RAN).The decades-old pipeline has a long history of spills—including one at a pump station in British Columbia last month—and Indigenous groups and climate campaigners have spent years in court fighting against the expansion project known as TMX.“Some of Zuirch’s peers in the global insurance industry are also taking note, as eight companies now have policies that limit or end insurance coverage for tar sands,” said Sulakshana. “It’s way past time for Liberty Mutual and Chubb to follow suit.”Read More