My Authors
Read all threads
VICTORY! Thanks to fierce indigenous resistance, TransMountain tar sands pipeline loses lead insurer
@Zurich. All 👀now on @LibertyMutual @ChubbNA &
@LloydsofLondon to dump this climate catastrophe…
Zurich will stop providing coverage for the controversial pipeline when its policy expires August 31, forcing TransMountain to search for a new primary insurer. Says Grand Chief Stewart Phillip, President @UBCIC "@Zurich has done the right thing...Hopefully @LibertyMutual & the
others insuring it do the right thing before the end of August & drop it too. Any company insuring TransMountain is complicit in violations of Indigenous Rights, because the proposed pipeline expansion doesn't have the consent of all impacted First Nations along the route."
Zurich’s decision comes soon after an announcement from German insurer @talanx_en that it will drop the project in light of a recently-adopted policy on oil sands.… Says @charlene_amy of @tsleilwaututh: "we hope that @LloydsofLondon @Chubb @LibertyMutual
and the other insurers will follow their lead. Insurers cannot afford to be climate deniers; they are already paying for the devastating impacts of climate change.” @svenbiggs of @standearth says "@Zurich's decision to walk away from the pipeline just underlines how risky this
project has become. It’s time for the Trudeau government to take another look at this project and ask if this is the right time to spend over $10 billion on a pipeline that is rapidly losing the support of the financial sector.” Says @esulakshana of @RAN "@Zurich’s decision
to drop TransMountain demonstrates that it’s waking up the risks of this toxic project to Indigenous land rights, local ecosystems, and the planet. Some of @Zurich peers in the global insurance industry are also taking note, as 8 companies now have policies that limit or
end insurance coverage for tar sands. It’s way past time for @LibertyMutual & @ChubbNA to follow suit.”
Want to take action? Join us today at 2pm PT for an online rally demanding @LibertyMutual drop TransMountain… #StopTMX
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Insure Our Future U.S.

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!