X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“Chubb's announcement is a critical win for the environment and indigenous rights. This makes it the 16th insurer to drop coverage of or rule out insuring the Trans Mountain tar sands expansion project,” Elana Sulakshana, energy finance campaigner at Rainforest Action Network, said. (Credit: Jon Anders Wiken/Adobe Stock) “Chubb’s announcement is a critical win for the environment and indigenous rights. This makes it the 16th insurer to drop coverage of or rule out insuring the Trans Mountain tar sands expansion project,” Elana Sulakshana, energy finance campaigner at Rainforest Action Network, said. (Credit: Jon Anders Wiken/Adobe Stock)

Liberty Mutual Insurance has committed to slash 50% of its scope 1 and 2 greenhouse gas (GHG), based on 2019 levels, by 2030, while Chubb Ltd. has made it public that it has stopped insuring the Trans Mountain Pipeline in Canada.

Scope 1 emissions are released by a directly owned or controlled source, while scope 2 are indirect emissions from the generation of purchased energy, according to the Greenhouse Gas Protocol.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected], and on LinkedIn and Twitter.  

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.