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TC Energy Corp
Symbol TRP
Shares Issued 934,394,794
Close 2019-12-06 C$ 67.35
Market Cap C$ 62,931,489,376
Recent Sedar Documents

Globe says TC Energy hears LNG climate debate

2019-12-09 08:48 ET - In the News

The Globe and Mail reports in its Monday edition that Canada's Environment Minister cautioned there are still many hurdles facing the liquefied natural gas industry's hope to play a role in helping the country meet its greenhouse gas emissions targets. The Globe's Marieke Walsh writes that the industry has touted exports of LNG as a means for reducing global emissions. The argument is that by shipping LNG to other countries and displacing coal-fired power, Canada would be able to count the emission reduction toward its own targets. The idea relies on voluntary co-operation agreements between countries, called internationally transferred mitigation outcomes, that are being negotiated in Spain this week. Article 6, as it is called, is one of the final missing pieces of the rule book governing signatories to the Paris climate agreement. However, in advance of his trip to Madrid for international climate negotiations, Environment Minister Jonathan Wilkinson told The Globe that while Canada wants to reach a deal on Article 6, the LNG sector is a long way off from fitting into it. One of the key issues is whether the LNG would indeed be used to replace coal, rather than in addition to the coal plants. (TC Energy is building an LNG pipeline in British Columbia.)

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