"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.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
