18:21:11 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2024-01-29 C$ 53.09
Market Cap C$ 55,080,228,842
Recent Sedar Documents

Globe says TC Energy hears Biden cuts LNG approvals

2024-01-30 06:43 ET - In the News

The Globe and Mail reports in its Tuesday edition that the Biden administration's decision to pause approvals for new U.S. projects seeking to export liquefied natural gas has spurred hopes for British Columbia's long-stalled LNG prospects. The Globe's Brent Jang writes that the White House announced the move on Friday, saying there would be a temporary pause on pending decisions on LNG exports for both energy-security and environmental reasons. President Joe Biden said the pause "sees the climate crisis for what it is: the existential threat of our time." Curbing the use of natural gas has long been a demand of environmental advocates worried about the fossil fuel's contribution to climate change, though the LNG industry has often noted that its product generates fewer greenhouse-gas emissions than coal. Canada's producers have an opportunity to fill the supply gap. The U.S. has seven operational LNG export terminals; another five appear likely to open by 2028 because they are already approved. Canada, by contrast, has no export terminals in operation. The first to enter service would be the TC Energy-backed, Shell PLC-led LNG Canada project in Kitimat, B.C., which is scheduled to begin loading tankers by 2025.

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