Trans Mountain pipeline owner asks regulator to hide identity of its insurers

Trans Mountain pipeline owner asks regulator to hide identity of its insurers

CALGARY — Federal government-owned Trans Mountain is asking the Canada Energy Regulator to keep secret the identities of the companies that provide insurance coverage for its pipeline system because of fears environmental activists will target them.

In a submission dated Monday, the company that operates the Trans Mountain pipeline and its expansion project says there is evidence that “certain parties” are using filings in the regulator’s database to identify insurers and pressure them to drop their policies for the pipeline.

The filings come days after Indigenous youth in Vancouver blocked the entrances of buildings housing insurance companies to demand they stop insuring the pipeline, resulting in four arrests.

Trans Mountain says it saw a significant reduction in available insurance capacity in 2020 and, when it found partial replacement policies, it had to pay a significantly higher cost.

In 2019, a coalition of 32 environmental and Indigenous groups said they had sent letters to 27 insurance companies demanding they drop coverage of the Trans Mountain pipeline or refuse to provide policies for the expansion project, including lead liability insurer Zurich Insurance Group, based in Switzerland.

The coalition said Zurich had intended to continue its coverage of Trans Mountain, but the pipeline confirmed last July that Zurich had decided not to renew the policies.

“If the name of Trans Mountain’s insurers is disclosed publicly, ongoing targeting and pressure on those insurers to stop insuring the pipeline are likely to result in material loss to Trans Mountain and its shippers in the form of higher insurance premiums (due to a smaller pool of insurers available to Trans Mountain) and challenges in maintaining adequate insurance coverage,” said Trans Mountain in its letter to CER.

It asked the regulator for a decision by March 15 so it has time to complete its annual financial resources plan update, including its certificate of insurance, before April 30.

This report by The Canadian Press was first published Feb. 24, 2021.

The Canadian Press

Trans Mountain pipeline

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer Rebels forward Arshdeep Bains eyes a loose puck in front of the Medicine Hat Tigers net Saturday night in WHL action at the Centrium. (Photo by ROB WALLATOR/Red Deer Rebels)
Rebels fall short in 12th straight loss

Tigers 5 Rebels 2 (Saturday) Tigers 3 Rebels 2 (Monday) The Red… Continue reading

Red Deer property owners will receive their 2019 property assessment notices in the next few days.  (File photo by Advocate staff)
Red Deer awaiting more details on how federal budget impacts city

The City of Red Deer is awaiting more information on how much… Continue reading

With a ban on sit-in dining once again in place, Las Palmeras owner Andre Lemus is gearing up for more takeout and delivery business. He has also applied to set up an outdoor patio, where dining is allowed under new restrictions. Photo by PAUL COWLEY/Advocate staff
Big interest in outdoor patios in Red Deer as sit-down dining banned again

City of Red Deer has tweaked its patio regulations to make it easier to get a permit

A vial of the Medicago vaccine sits on a surface. CARe Clinic, located in Red Deer, has been selected to participate in the third phase of vaccine study. (Photo courtesy www.medicago.com)
Red Deer clinical research centre participating in plant-based COVID-19 vaccine trial

A Red Deer research centre has been selected to participate in the… Continue reading

Ottawa Senators' Connor Brown, right, scores on Calgary Flames goalie Jacob Markstrom during second-period NHL hockey action in Calgary, Alta., Monday, April 19, 2021. THE CANADIAN PRESS/Jeff McIntosh
Connor Brown scores twice for Ottawa Senators in 4-2 win over Calgary Flames

Connor Brown scores twice for Ottawa Senators in 4-2 win over Calgary Flames

Canada head coach Bev Priestman reacts during the women's international friendly soccer match between England and Canada at Bet365 stadium in Stoke on Trent, England, Tuesday, April 13, 2021. Priestman says her goal is to help Canada move up the Olympic podium after back-to-back bronze medals at the 2012 and 2016 Games. THE CANADIAN PRESS/AP/Rui Vieira
Olympic soccer draw will allow Canadians to start planning on and off the pitch

Olympic soccer draw will allow Canadians to start planning on and off the pitch

Federal government’s extension of CEWS in budget is some good news for CFL franchises

Federal government’s extension of CEWS in budget is some good news for CFL franchises

Canada's Brendan Bottcher dropped a 6-3 decision to Scotland's Bruce Mouat in the men's final of the Humpty's Champions Cup. Bottcher makes a shot against Scotland at the Men's World Curling Championships in Calgary, Alta., Friday, April 9, 2021.THE CANADIAN PRESS/Jeff McIntosh
Mixed results for Canadian teams at Champions Cup as Homan wins, Bottcher loses

Mixed results for Canadian teams at Champions Cup as Homan wins, Bottcher loses

University of Victoria rowing coach Barney Williams is photographed in the stands during the Greater Victoria Invitational at CARSA Performance Gym at the University of Victoria in Victoria, B.C., on Friday, November 29, 2019. The University of Victoria says Williams has resigned effective immediately. THE CANADIAN PRESS/Chad Hipolito
University of Victoria women’s rowing coach resigns by mutual agreement

University of Victoria women’s rowing coach resigns by mutual agreement

Stewart Cink watches his drive down the second fairway during the final round of the RBC Heritage golf tournament in Hilton Head Island, S.C., Sunday, April 18, 2021. (AP Photo/Stephen B. Morton)
Cink coasts to win at Hilton Head for 2nd title of season

Cink coasts to win at Hilton Head for 2nd title of season

The Official UEFA Champions League match balls are on display ahead of the Champions League quarter final second leg soccer match between Liverpool and Real Madrid at Anfield stadium in Liverpool, England, Wednesday, April 14, 2021. (AP Photo/Jon Super)
Threats of expulsion as UEFA confronts Super League rebel 12

Threats of expulsion as UEFA confronts Super League rebel 12

San Jose Sharks center Patrick Marleau (12) motions to the crowd during a break to mark his passing Gordie Howe for most NHL games played in the first period of an NHL hockey game Monday, April 19, 2021, in Las Vegas. (AP Photo/John Locher)
Sharks’ Marleau breaks Howe’s NHL games played record

Sharks’ Marleau breaks Howe’s NHL games played record

Most Read