Boston-based insurance giant Liberty Mutual is a huge backer of the destructive tar sands sector. It is a major insurer of the Trans Mountain pipeline, the Keystone XL pipeline, and has at least 8.9 billion invested in fossil fuels.
Last year, Liberty Mutual adopted a policy limiting its business with coal, citing its commitment to environmental sustainability. This move shows that the company is feeling pressure to act on climate, but *news flash* tar sands oil from Alberta is one of the dirtiest, most carbon-intensive fuels on the planet. It’s way past time for Liberty Mutual to dump this risky, climate-wrecking industry.
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