Now, the heat is on the insurance companies that have given the project the financial assurance to proceed. Last week, Stand.earth reported that German insurer Talanx had stepped away from the project, after reinsurance giant Munich Re signalled its intention to withdraw earlier in the year. And Leadnow is running a petition campaign to make the pipeline’s biggest underwriter, Zurich Insurance, the next to go.

“Insurers for the pipeline are already dropping like flies,” and “if Zurich rejects Trans Mountain’s request to renew their insurance, too, it could convince other insurers that the project is simply too risky to support. It would leave Trans Mountain scrambling to find coverage—and might just be enough to stop the project in its tracks,” Leadnow writes.

Source: Pressure Builds on Trans Mountain’s Biggest Insurer – The Energy Mix