"Trans Mountain Corp. has permission to keep secret the name of its insurer, after a Thursday ruling by a commission with Canada’s energy regulator.
The federal Crown corporation told the Canada Energy Regulator in a filing last month that “certain parties” have already used public filings in the regulator’s database to try to press insurance companies to drop their pipeline policies. Trans Mountain argues that revealing its insurer would therefore result in higher premiums, because fewer companies are willing to insure the pipeline.
Trans Mountain said while the information was public in the past, “increasing pressures on insurers to avoid insuring pipeline assets” made confidentiality necessary."
Emma Graney reports for the Toronto Globe and Mail April 29, 2021.
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