We as Connecticut citizens should be wary of companies insuring fossil fuels, since fossil fuels are among the primary causes of climate change. As a state representative for Stamford, I’ve seen firsthand the enormous changes global warming is causing in our coastal city. The frequency and intensity of superstorms and hurricanes is due in part to changes in our climate.
Thirteen groups representing 180,000 post-secondary students across the country are backing a call by SFU’s student union for the federal government to reconsider the Trans Mountain pipeline expansion.
The Trans Mountain tar sands pipeline is spilling into drinking water aquifers, on sacred sites, and feeding catastrophic climate change, and this pipeline wouldn’t be possible without major insurers backing the project.
This fall, we will see again and again how the petitions for "a just recovery" and the calls to "build back better" must be backed up by working class defiance and working class solidarity. And not just in Alberta....
- Gene McGuckin, retired past president, CEP Local 1129
Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.
The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in the Arctic region.
