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TC Energy launches independent crude oil pipeline business

  • 📰 BNNBloomberg
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  • 4 min. at publisher
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  • News: 16%
  • Publisher: 50%

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Oil&Gas,Utilities

TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.

Amanda Stephenson, The Canadian PressCole Pereira, equity research director of Stifel Financial, joins BNN Bloomberg to discuss TC Energy's South Bow spinoff.

The move is the result of a strategic review in which the Calgary-based TC considered its options including the potential sale of the oil pipelines business. TC Energy also has plans to look at new, low-carbon energy opportunities such as nuclear and pumped hydro energy storage.

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