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Trans Mountain Wants to Keep Insurers Secret Amid Pipe Pushback

  • Company files petition to keep pipeline insurers confidential
  • Anti-pipeline groups are pressuring companies to drop coverage
Protest against the Trans Mountain pipeline expansion in Whistler, British Columbia, in June 2018.

Protest against the Trans Mountain pipeline expansion in Whistler, British Columbia, in June 2018.

Photographer: Darryl Dyck/Bloomberg
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Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental groups urge insurance companies to drop their coverage.

The pipeline company normally discloses the insurance companies in a so-called Financial Resource Plan that’s filed with the regulator each April. But Trans Mountain said in a Feb. 22 letter that insurers are facing pressure to stop covering the pipeline, raising costs for both Trans Mountain and its customers. Members of the public can file comments on the request until March 22.