Liberty Mutual is facing increasing pressure from climate and indigenous rights groups, as well as its own policyholders, to exit the fossil-fuel space. However, at its annual policyholder meeting Wednesday the insurer refused to answer policyholder-submitted questions about its role insuring the tar sands oil industry, according to a news release from environmental non-profit Stand.earth.
“The insurance giant did not include time or space for policyholders to speak or vote during the virtual meeting, which lasted all of six minutes,” the non-profit said.
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