New Anti-TMX Strategy: Remove Pipeline Insurance Coverage
August 12, 2019 Leave a comment
First they said all the whales were going to die because of oil tankers, but then we looked at the marine traffic data and saw the increased tanker traffic was irrelevant compared to the total traffic (from ferries and other tankers and transports).
Then they tried to tell us that Alberta oil was entirely uneconomic, that Asia didn’t want it, and oil companies would wind up with all these “stranded assets” because by golly any day now the world is going to stop using oil altogether. Of course, the idea of eco-radicals providing investment advice to protect oil producers from themselves is laughable.
Now they’re saying the TMX is just plain uninsurable, so the insurance companies would be making a bad financial decision to insure it. These people are idiots. The insurance industry is not going to abandon a Crown corp whale of a client for the sake of these morons’ and their ignorant opinions.
— Read more at the Calgary Herald —
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