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The insurance industry feels the heat on cover for fossil fuels

The spotlight on the insurance industry’s support of fuel projects is proving so searing that the names of a variety of these involved are scrubbed from the record. Canada’s Trans Mountain, the operator of a pipeline that takes crude from  Alberta to the West Coast of British Columbia, made a replacement request of the country’s energy regulator in February. It wished to redact the names of the pipeline’s insurers in its public filings, now and within the future, to shield them against a barrage of publicity from climate campaigners targeting the energy-intensive tar sands industry. Under that glare, Trans Mountain had already faced a big reduction in appetite from the insurance market in 2020, and replacement policies were secured “at a significantly higher cost,” it said. The controller conceded the solicitation two months after the fact, in spite of protestations from bunches including the native Tsleil-Waututh Nation, who said that an arranged extension inside the pipeline "re...