By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Lloyd’s of London syndicate Aspen Insurance announced April 21 it will cut ties with Trans Mountain when its insurance policy expires this summer, making it the 17th company to do so.

In an email to Coal Action Network, a company spokesperson confirmed Aspen “(does) not plan to renew the Trans Mountain Tar Sands Oil Pipeline project” but wouldn’t comment on the decision “as a matter of corporate policy.”