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TC Energy launches South Bow Corp. as independent crude oil pipeline business

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

The new company, which will be headquartered in Calgary with an office in Houston, will be led by Bevin Wirzba, formerly the executive vice-president for TC Energy's natural gas and liquids pipelines business.

TC Energy — which has natural gas transportation infrastructure in Canada, the U.S., and Mexico — is bullish on the future of the commodity, in particular the potential for growth spurred by demand for liquefied natural gas . TC Energy shareholders voted in favour of the spinoff of the crude pipelines business in a vote in June.

As war in the Middle East spread Tuesday, Foreign Affairs Minister Mélanie Joly 'unequivocally' condemned Iran's move to fire dozens of missiles into Israel but asked the Jewish state not to respond in a bid to avoid further escalation.Iran launched at least 180 missiles into Israel on Tuesday, the latest in a series of escalating attacks in a yearslong conflict between Israel and Iran and its Arab allies that threatens to push the Middle East closer toward a regionwide war.

Sentencing in relation to a fatal incident in 2020 that left two experienced SaskPower workers dead has been adjourned until Oct. 18, according to the International Brotherhood of Electrical Workers .Officers with the Regina Police Service are on scene of a collision involving a vehicle and a pedestrian at the intersection of Dewdney Avenue and Lewvan Drive.A 33-year-old man has been arrested after two females were found dead inside a home in Courtice, Ont. on Tuesday afternoon.

 

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