21:11:41 EDT Thu 28 Mar 2024
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TransCanada Corp
Symbol TRP
Shares Issued 708,954,380
Close 2015-11-27 C$ 42.43
Market Cap C$ 30,080,934,343
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Globe says TransCanada sees "dirty" charges hit Quebec

2015-11-27 07:59 ET - In the News

The Globe and Mail reports in its Friday edition that it all sounds terribly familiar. The Globe's Konrad Yakabuski writes environmentalists are calling for U.S. President Barack Obama to deny a permit to a cross-border infrastructure project aimed at importing "dirty" energy from Canada. This time, however, the target of environmentalist ire is not Alberta oil but hydroelectricity from Quebec, the very power source Premier Philippe Couillard insists is the key to "rebranding" Canada as a clean energy superpower. The Sierra Club of New Hampshire begs to differ. The conservationist group is one of a growing list of opponents to a proposed $1.6-billion (U.S.) transmission line that would carry hydro power from Quebec through New Hampshire. Mr. Couillard, who has been ambivalent toward TransCanada's Energy East, now has to counter "dirty" energy charges of his own. "Why are we allowing [Eversource] to slice our state in half for an unnecessary transmission superhighway carrying dirty power from a foreign country through our state?" the Sierra Club of New Hampshire argued last month. The "dirty" label comes from the carbon released in the flooding of vast swaths of boreal forest to build new hydro dams.

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