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TC Energy spinoff, creation of South Bow pipelines business approved of by shareholders

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Energy,TC Energy,TC Energy Corp

TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.

TC Energy Corp. shareholders have voted in favour of spinning off the company’s crude oil pipelines business.

The company’s crude oil pipelines, including the critical Keystone pipeline system, will become part of a new liquids pipeline business called South Bow. The company has been under scrutiny by analysts and credit rating services for its significant debt load as well as for cost overruns on the Coastal GasLink pipeline project, which was completed in the fall of 2023.NDP wants price cap on grocery staples if costs don’t come downIs now the time to invest? Canadians are split on that decision

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