09:50:47 EDT Fri 03 Jul 2026
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or Name
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Pembina Pipeline Corp
Symbol PPL
Shares Issued 581,478,844
Close 2026-07-02 C$ 65.82
Market Cap C$ 38,272,937,512
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Globe says Pembina signs non-binding B.C. pipeline deal

2026-07-03 07:21 ET - In the News

The Globe and Mail reports in its Friday edition that the Alberta government has proposed a southern route for a new oil pipeline across British Columbia, which will be planned and built by the federally owned Trans Mountain Corp., working with Pembina Pipeline. A triple-bylined item led by Emma Graney says that Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the plan Thursday in Calgary. It represented a stark turnaround for the Premier, who had insisted on any pipeline should be routed to B.C.'s northern coast. However, several first nations in the area had voiced strong opposition to a pipeline in the region. A northern route would have also required changes to the federal oil tanker ban along that part of B.C.'s coast, which is considered a non-starter by the B.C. government. That opposition, as well as numerous environmental challenges, prompted Mr. Carney's Liberal government to persuade Alberta to change tack and consider building a pipeline that largely follows the right-of-way for the Trans Mountain Pipeline from Edmonton to Southern B.C. Pembina characterized its involvement as a non-binding agreement and that its initial economic interest through construction would be 10 per cent.

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