Demonstrations against the Trans Mountain pipeline expansion in 2018, when it was still in the hands of Kinder Morgan. (Photo: Bloomberg)
(Bloomberg) — Trans Mountain Pipeline LP's effort to keep its insurers' names confidential was accepted by regulators in a setback for environmental groups fighting to prevent the development of the Canadian oil sands.
"Trans Mountain has satisfied the requirements for confidentiality," Canada Energy Regulator said in its decision Thursday, April 29. "The names of Trans Mountain's insurers could reasonably be expected to prejudice its competitive position in its dealing with potential insurers."
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