14:35:44 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2024-02-09 C$ 50.48
Market Cap C$ 52,372,385,608
Recent Sedar Documents

Globe/wire say Enbridge, rival see TMX has green woes

2024-02-09 07:32 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Globe and Mail reports in its Friday, Feb. 9, edition that the Canada Energy Regulator has ordered Trans Mountain to address environmental deficiencies and non-compliances found following flooding near Abbotsford, B.C. A Reuters dispatch to The Globe reports that CER officers conducted an inspection and found that TMX was not properly maintaining a watercourse isolation, wildlife fencing, soil coverings, and dewatering pump and sump locations. The order was issued on Jan. 31 and requires TMX to take a number of measures to address the problems, including investigating the root cause and implementing a water management plan for that section of pipeline. "We will continue to follow up with the company to ensure it complies with the Inspection Officer Order. Once the company sufficiently addresses the requirements list above, the order will be lifted," the CER said. Once complete, the TMX expansion will nearly triple the capacity of an existing pipeline shipping crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day. However, the $30.9-billion project has struggled with years of delay and ballooning costs. TMX is targeting a second quarter 2024 start date for the expanded pipeline.

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