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Trans Mountain Loses 16th Insurer

The world’s biggest publicly-traded provider of property and casualty insurance, Chubb, has become the 16th insurer to declare that it won’t back the controversial Trans Mountain pipeline, a coalition of climate and Indigenous campaigners announced yesterday. The flurry of social media activity was triggered by a single tweet from Financial Times insurance correspondent Ian Smith, with no elaborating news story as The Energy Mix went to virtual press Tuesday evening. “Chubb does not provide insurance coverage for any tar sands projects,” a spokesperson told Smith, following a protest at the U.S. Open tennis tournament earlier this month. Chubb became the official insurance sponsor for the annual tournament last year.
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