The 2020’s most fascinating whodunit is playing out on computer screens around the world: Government investigators, hobby sleuths, and curious members of the public are trying to establish who sabotaged the Nord Stream 1 and Nord Stream 2 gas pipelines last Sept. 26. But while most of us are simply eager to know who the culprit is, it’s a far more consequential matter for the private sector.
Western European companies invested billions of dollars in the pipelines. Whether their insurance will cover the losses caused by the sabotage depends on who perpetrated it. And as the global geopolitical standoff intensifies, companies face many more enormous losses, hunts for the perpetrator, and disputes about whether the harm was an act of war.
