TC Energy CEO sees opportunity in Trump win as company refocuses on natural gas

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 52 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 50%

Business News

Oil&Gas,Utilities

TC Energy Corp. announced it is going ahead with a total of about $1.5 billion in capital spending across four new projects.

November 19, 2024 at 10:15AM ESTCALGARY — Donald Trump’s return to the White House is good news for Canada’s energy sector and an opportunity for TC Energy Corp., the CEO of the Calgary-based pipeline company said Tuesday.

As a company, TC Energy has already seen first-hand how business can flourish or be derailed by political winds south of the border. South Bow “supports efforts to transport more Canadian crude oil to meet U.S. demand,” the company said in an emailed statement provided Tuesday by spokeswoman Katie Stavinoha.But Poirier said the Alberta government has already reached out to TC in the wake of the U.S. presidential election, keen to see if that project could be revived or if there are other ways to increase Alberta’s oil and gas pipeline export volumes to the U.S.

For TC Energy, a second Trump administration is timely because it coincides with what is already a renewed focus on natural gas for the company. The spin-off of South Bow was designed to enable TC Energy to pursue a natural gas-focused strategy at a time when the company sees growing demand for the commodity.

Approximately two-thirds of the 350 or so data centres currently proposed or under construction in North America are within

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:

 /  🏆 83. in US
 

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

United States United States Latest News, United States United States Headlines

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

Trump picks oil industry CEO Chris Wright as energy secretaryWright has called climate change activists alarmist and has likened efforts by Democrats to combat global warming to Soviet-style communism
Source: globeandmail - 🏆 5. / 92 Read more »

Amazon's investment in SMRs is 'a game changer': X-energy CEOSmall Modular Reactors (SMRs) are emerging as a new energy investment avenue for Big Tech companies seeking to power their AI needs at a lower cost. Amazon (...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »