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.
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 50 miles of TC Energy's assets, Poirier said, meaning the company is uniquely poised to benefit from the AI boom by supplying much-needed natural gas infrastructure to the power-hungry industry.
On Tuesday, TC Energy announced it has green-lit a total of about $1.5 billion in capital spending across four new projects, including two in the U.S. that will help with coal-to-gas conversion at two existing power plants as well as the sanctioning of a liquefied natural gas peaking project in southeast Virginia.
President-elect Donald Trump on Tuesday tapped Dr. Mehmet Oz, a former television talk show host and heart surgeon, to head the agency that oversees health insurance programs for millions of older, poor and disabled Americans.Canadian human rights advocate and former Liberal justice minister Irwin Cotler — who was the target of an alleged foiled assassination plot by agents of Iran — says he isn’t concerned about the alleged threats, because he has confidence in his protective detail.
The four-year-old document has a bland, bureaucratic title — 'Basic Principles of State Policy on Nuclear Deterrence' — but its contents are chilling, especially with its newest revisions.'I'm just tickled pink': Two childhood friends from New Brunswick named Rhodes Scholars Regina's two returning councillors hope foundation of experience can help build re-envisioned city council
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