Nearly two dozen environmental and Indigenous organizations have signed an open letter calling on Trans Mountain insurers to drop the pipeline, warning the CEOs of major insurance companies that pressure will continue to mount until they do.
With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure to the fossil fuel sector.
The Canada Energy Regulator accepted Trans Mountain's allegations without demanding proof. But when it came to Tsleil-Waututh Nation's arguments, the regulator said it was unconvinced.