11:27:28 EDT Mon 06 Jul 2026
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Tourmaline Oil Corp
Symbol TOU
Shares Issued 388,299,341
Close 2026-07-03 C$ 59.83
Market Cap C$ 23,231,949,572
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Globe says Cenovus hears taxpayer will pay for new pipe

2026-07-06 08:53 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Saturday edition that B.C. Premier David Eby came away Thursday with nearly $20-billion in federal commitments for the province's infrastructure priorities, along with a pledge to uphold the federal tanker ban off B.C.'s North Coast. Globe columnist Shannon Proudfoot writes that meant Alberta Premier Danielle Smith would not get her preferred northern pipeline route, but after Mr. Eby and Prime Minister Mark Carney spent 40 minutes extolling all these great things they'd decided to build together simply because it was the right thing to do. A reporter asked the Prime Minister how he would respond to someone who said that the MOU is "a quid pro quo" for his pipeline announcement with Ms. Smith later that same day. Mr. Carney waved off the idea. Of course, Mr. Eby also said that the agreement ensures that British Columbians "are fairly compensated for the environmental risks" of a potential pipeline, and that he would not fight the project in court. Pembina Pipeline issued a news release whose first sentence noted that the agreement was "non-binding." The costs and risks may have scared private investors away from the pipeline. Now, however, it's the taxpayer who will be stepping up.

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