A coalition of environmental and Indigenous groups is calling on insurance companies to drop or refuse to provide coverage of the Trans Mountain pipeline, although they concede its lead liability insurer is planning to continue coverage.

The coalition of 32 groups says in a news release on Thursday that if it can convince insurers to bow out of covering the pipeline and beyond an Aug. 31 renewal date, Ottawa will be forced to self-insure, which will put public dollars at risk.

In a copy of a letter sent to 27 insurers, the activists ask them to avoid the B次元官网网址渞eputational and financial riskB次元官网网址� of supporting the pipeline from Edmonton to Burnaby, B.C., in view of the institutionsB次元官网网址� commitments to support the Paris climate change agreement and Indigenous rights.

Only 12 of the companies responded to the letter, the coalition says, with most refusing to discuss their dealings with specific clients.

The coalition says that Switzerland-based Zurich Insurance Group, however, has indicated it plans to continue to insure the existing Trans Mountain pipeline, a position the group says betrays its climate change and Indigenous rights commitments.

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It provided a copy of a letter it says is from the companyB次元官网网址檚 CEO, noting that while the companyB次元官网网址檚 policy is to restrict insuring oilsands assets, its position is to talk to the Trans Mountain owner, the federal government, to sort out its climate change goals and clarify whether the pipeline is actually B次元官网网址渄edicatedB次元官网网址� to oilsands.

B次元官网网址淚tB次元官网网址檚 clear Zurich needs to commit to not insure the pipeline expansion,B次元官网网址� said Tzeporah Berman, international program director at Stand.earth, in the release.

B次元官网网址淲e are encouraged by ZurichB次元官网网址檚 recent policy, and we are calling on other insurance companies to stop insuring the expansion of the fossil fuel industry.B次元官网网址�

The Canadian Press

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