11:31:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 702,614,096
Close 2016-02-10 C$ 48.23
Market Cap C$ 33,887,077,850
Recent Sedar Documents

Globe says CEAA weighs in on TransCanada LNG project

2016-02-11 07:43 ET - In the News

The Globe and Mail reports in its Thursday edition that Pacific NorthWest LNG's project in British Columbia would likely harm harbour porpoises and contribute to climate change, but the export terminal could be built and operated without causing major ecological damage, the Canadian Environmental Assessment Agency has ruled. The Globe's Brent Jang writes that CEAA issued a 257-page draft environmental assessment report on Wednesday into the proposal by Pacific NorthWest LNG, which wants to export liquefied natural gas from an $11.4-billion (U.S.) terminal planned for Lelu Island. There will be large increases in greenhouse-gas emissions from natural-gas production, processing and pipelines. "With respect to all other valued components, the agency concludes that the project is not likely to cause significant adverse environmental effects taking into account the implementation of the key mitigation measures," CEAA said. TransCanada is a member of the Pacific NorthWest LNG consortium, which is led by Malaysia's Petronas. TransCanada plans to build a $5-billion (U.S.) pipeline from gas fields in northwestern B.C. to Lelu Island on the north coast. TransCanada closed Wednesday at $48.23, up 46 cents.

© 2024 Canjex Publishing Ltd. All rights reserved.