Munich Re, Lloyd’s, Zurich face backlash for supporting tar sands pipeline

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Unfriend Coal – a global network of NGOs and social movements appealing for insurance companies to divest out of the fossil fuel business – has called out major insurance companies Lloyd’s, Zurich, and Munich Re for providing hundreds of millions in liability insurance coverage to the Trans Mountain pipeline project.

The environmental group’s statement comes after the pipeline project’s certificate of insurance was filed with the Canada Energy Regulator on April 24, 2020. The certificate outlined the providers of $508 million of liability insurance cover for the 12 months to August 31, 2020 – it also revealed that the biggest

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Volkswagen to aid U.S. dealers supporting coronavirus relief efforts

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FILE PHOTO: Volkswagen logo is seen at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson

(Reuters) – Volkswagen AG (VOWG_p.DE) said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic.

The loaner cars, typically offered to customers to drive while their vehicles are in a shop for repairs, can be called upon for delivering food to a local food bank, transporting masks and gowns, and dropping off necessary items to

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