20:34:00 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,029,473,572
Close 2023-07-14 C$ 51.67
Market Cap C$ 53,192,899,465
Recent Sedar Documents

Globe says TC Energy told Smith wants Article 6 rewrite

2023-07-17 07:20 ET - In the News

The Globe and Mail reports in its Saturday edition that Alberta Premier Danielle Smith wants the natural gas industry to be credited as a cure to global climate change. The Globe's Jeffrey Jones writes that there is a growing push in Western Canada to seek rewards on the global climate file for not just business as usual, but expanding exports of the fossil fuel. Critics complain this is not an emissions-reduction plan, but an attempt to avoid making cuts at home. The idea assumes a cargo of liquefied natural gas will displace more-carbon-intensive coal for generating electricity in another country. Therefore, Canada should get credits for reducing global emissions under a provision of the Paris Agreement known as Article 6, which Ms. Smith wants renegotiated. At an international LNG conference in Vancouver on Thursday, she urged talks with trade partners to get credits when there is "a clear line of sight" to substituting Canadian gas for coal-fired power. Today, just one plant -- TC Energy-back LNG Canada in Kitimat, B.C. -- is under construction in Canada, and its first phase will start shipments in 2025. There are armadas of LNG shipments afloat, and few if any get emissions credits for their countries of origin.

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