Insurance giant Liberty Mutual is a huge backer of the destructive tar sands sector, which spells disaster for the climate and Indigenous rights. As a top fossil fuel insurer with at least $8.9 billion invested in fossil fuel companies, Liberty Mutual is complicit in the destruction of waterways and sacred land.
Tar sands oil is one of the dirtiest, most carbon-intensive fuels on the planet, and its extraction has already contaminated the drinking water and food of First Nations in Canada and unleashed massive amounts of carbon pollution.
All tar sands projects need one thing: insurance coverage. Without insurance, new tar sands mines, pipelines, and refineries cannot be built, and existing projects cannot continue to operate.
Last winter, Liberty Mutual adopted a policy limiting its business with coal, but it continues to insure the tar sands with no end in sight. In fact, Liberty Mutual is currently providing crucial coverage for the Trans Mountain and Keystone XL pipelines and has not ruled out covering Line 3.
We can stand in solidarity with these communities by fighting back against the insurers of this destructive sector.
Demand Liberty Mutual drop insurance coverage of the Keystone XL and Trans Mountain pipelines and rule out insuring Line 3 and the entire tar sands sector.