Despite growing demands from concerned organizers and stakeholders, the insurance giant Liberty Mutual refuses to distance itself from dirty tar sands oil operations. The fossil fuel industry and its tar sands oil production cannot survive without insurers like Liberty Mutual underwriting its business. Moreover, climate catastrophe presents a huge financial risk to Liberty Mutual’s bottom line.
But Liberty Mutual just can’t seem to commit to moving away from tar sands – and the fact that one of its longtime current directors is also a director of one of Canada’s biggest tar sands producers, and is personally profiting in the millions from those operations, may have something to with this.
Annette Verschuren has been a Liberty Mutual board member for the past 15 years. At the same time, she’s also served as a director of Canadian Natural Resources Limited…
