15:04:03 EDT Sun 28 Apr 2024
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CA



TransAlta Corp
Symbol TA
Shares Issued 263,376,588
Close 2023-10-05 C$ 11.83
Market Cap C$ 3,115,745,036
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Globe says TransAlta ex Farrell's job nearly done

2023-10-06 07:30 ET - In the News

The Globe and Mail reports in its Friday edition that Dawn Farrell might be Canada's most elusive chief executive officer. The Globe's Kelly Cryderman writes that in the 13 months that Ms. Farrell has headed Trans Mountain, she has not granted a single interview until this week, saying she wanted to focus on her primary job: getting the $30-billion twinning of the 70-year-old oil pipeline to the West Coast done. When Ms. Farrell accepted the job in August, 2022 -- after retiring as chief executive of TransAlta 17 months prior -- she wanted to give back to Canada in the form of completing the challenging project. "This project is controversial. It's going to cost a lot more than people thought it would," Ms. Farrell told The Globe in Calgary. "Some people don't even want it. They want oil to go away altogether." The new pipeline expansion is now months away from being operational. In the 1,150-kilometre span between Edmonton and Burnaby, B.C., there is just 16 kilometres of pipe to be put in the ground. The expansion will boost the pipeline's capacity to 890,000 barrels per day from the current 300,000, and the new part of Canada's only oil pipeline system to the West Coast will be transporting heavy crude by March.

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