Today marks day one of the Stop Insuring Trans Mountain Week of Action. From June 14-21, a global movement of people is coming together to turn up the heat on the pipeline’s remaining insurers. We’re kicking things off now by turning the spotlight on Lloyd’s.
The Lloyd’s Marketplace is one of Trans Mountain’s top remaining insurers and it represents dozens of smaller subsidiary companies. These subsidiary companies have so far flown under the radar, but with a bit of public pressure, they could be convinced to drop the pipeline. Argo insurance – a member of the Lloyd’s group – was the first to un-insure Trans Mountain earlier this month, after receiving a flood of emails.
Indigenous-led resistance and mounting public pressure have already pushed 13 companies to rule out coverage for Trans Mountain. That goes to show that people power can move insurance giants, and in doing so, stop massive tar sands pipelines. Every email, every petition signature, every phone call and social media post – it all adds up.
But there are still more than half a dozen companies that are providing insurance coverage to Trans Mountain. That’s why it’s critical we step up the pressure as part of the global week of action. Throughout this whole week, we’ll be sending you opportunities to take powerful actions online to un-insure Trans Mountain, starting today with this one.
So thank you, Jeanne, for being a part of this campaign and part of the Stand online community. Together with allies and following the leadership of Indigenous leaders, we can get the whole insurance industry out of the tar sands, and stop Trans Mountain once and for all.
With hope,
Sven Biggs
Canadian Oil and Gas Programs Director
Stand.earth
P.S. Want to join an in-person event near you as part of the global week of action? Check out this map of planned events around the world, and remember to be mindful of COVID-19 guidelines in your area.
Stand.earth challenges corporations, industries, and governments to prioritize the well-being of people, our environment, and our climate by creating long-term, effective solutions. None of this work is possible without your support.
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