21:31:11 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,029,475,538
Close 2023-08-10 C$ 48.78
Market Cap C$ 50,217,816,744
Recent Sedar Documents

FP/wire say Enbridge, rival hear fed has TMX sale plan

2023-08-10 08:54 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Financial Post reports in its Thursday, Aug. 10, edition that Canada plans to sell an interest in the Trans Mountain oil pipeline to indigenous groups through a special-purpose vehicle. A Bloomberg dispatch to the Post reports that the government will provide the groups with access to capital so they do not have to risk any of their own money to participate, according to a letter from Deputy Prime Minister Chrystia Freeland's office that was obtained by Bloomberg. The communities' equity interest in Trans Mountain will provide them with cash flows and allow them to jointly exercise governing rights, according to the letter, which was dated Aug. 2. The plan partly clears up how Prime Minister Justin Trudeau's government will decide which indigenous groups are able to take an interest in the pipeline that his administration agreed to buy for about $4.5-billion in 2018. While some indigenous groups have opposed the Trans Mountain expansion -- which nearly triples the capacity of the line that crosses many of their territories on its route from Edmonton to Vancouver -- others have joined in bidding groups to try to acquire stakes in the pipeline to generate revenue for their communities.

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