17:29:15 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2023-11-07 C$ 49.43
Market Cap C$ 51,283,023,387
Recent Sedar Documents

Globe says TC Energy told future of gas looks doubtful

2023-11-08 08:22 ET - In the News

Also In the News (C-ENB) Enbridge Inc
Also In the News (C-PPL) Pembina Pipeline Corp

The Globe and Mail reports in its Wednesday edition that if governments around the world maintain the status quo on energy, we will see peak global demand for coal, oil and gas before 2030 -- and clean technologies will play a much stronger role. Guest columnists Nichole Dusyk and Jessica Kelly write that is according to the latest analysis from the International Energy Agency, which recently released its annual World Energy Outlook, or WEO, report. For Canada, the IEA research confirms it is time for governments to heed the signals and end public support to the fossil fuel industry. This includes eliminating subsidies for liquefied natural gas. TC Energy's Coastal Gaslink pipeline, which will feed LNG Canada, was recently completed despite significant opposition and environmental violations. LNG enthusiasm assumes strong demand going decades into the future with opportunities to support European and Asian energy needs. This urgency to build is misplaced: The forecasts and analysis do not support the hype. Emerging Asian markets, with the highest LNG demand growth, are price-sensitive and will likely favour the lowest-cost producers. This all means that developing LNG in Canada is an economically risky proposition.

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