News Formal

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

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 31 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 61%

Business News

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

Texts from ‘Randy’ raise questions about minister’s role at company while in office, Boissonnault denies

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 50. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessTC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Source: CBCCalgary - 🏆 78. / 51 Read more »

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessTC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessCALGARY — TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Source: SooToday - 🏆 8. / 85 Read more »

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessCALGARY — TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

TC Energy shareholders vote to spin off company’s liquids pipeline businessThe spinoff will create a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline
Source: globeandmail - 🏆 5. / 92 Read more »