Environmentalists got the door slammed in their face.
>>>TC Energy Corporation TRP has been granted the privacy shield by the Canada Energy Regulator (“CER”) to keep the names of its insurance providers confidential.
In a recent filing, the CER granted the privacy shield to the company for its network of natural gas lines, namely TransCanada PipeLines Ltd., Nova Gas Transmission Ltd., Foothills Pipe Lines Ltd., Trans Qubec & Maritimes Pipeline Inc. and Great Lakes Pipeline Canada Ltd.
In times of rising opposition against the development of the Canada oil sands, privacy shield assumed greater importance to avoid triggering outrage from indigenous and environmental groups, which have been campaigning around companies’ insurers for the past few years.
TC Energy became the second Canada-based pipeline firm to obtain permission to keep the names of its insurance providers a secret. In April, Trans Mountain Corporation received permission to withhold names of its oil pipeline’s insurers after winning a battle against protestors, who made efforts to oppose participants in financing the fossil fuel industry.
Trans Mountain claimed that revealing the identity of insurers resulted in the termination of insurance coverage, a sharp decline in available insurance capacity and a significant rise in insurance costs. The company added that the continued disclosure of insurer names would induce targeting and pressure on insurers to discontinue or restrict coverage.
https://finance.yahoo.com/news/tc-energy-trp-wins-privacy-131101435.html