Anti-pipeline activists petition insurance firms
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 has said it will continue to serve the federal government-owned company.
If it can convince insurers to bow out of covering the pipeline and its recently approved expansion project beyond an Aug. 31 renewal date, Ottawa will be forced to self-insure, which will put public dollars at risk, the coalition of 32 groups said in a news release on Thursday.
“The coalition hopes that by pushing companies to drop their existing insurance policies with Trans Mountain and to stop insuring future oilsands projects, it will show the Canadian government that the expansion is uninsurable and should not continue,” the activists say in a news release.
Trans Mountain said it isn’t concerned about obtaining property and business interruption insurance that’s appropriate for a company of its size.
“Trans Mountain has all the required and necessary insurance in place for our existing operations and for the expansion project and we will do so moving forward,” it said in an emailed statement.