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TransCanada Corp
Symbol C : TRP
Shares Issued 918,021,065
Close 2019-01-08 C$ 52.79
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Globe says arrests spark more TransCanada protests

2019-01-09 09:11 ET - In the News

The Globe and Mail reports in its Wednesday edition that opposition to a natural gas pipeline running through Northern British Columbia is surging, with dozens of rallies halting traffic in Vancouver and city centres, and one group of protesters forcing Prime Minister Justin Trudeau to change venues for a meeting with indigenous leaders. A quadruple-bylined item led by Brent Jang says that the 670-kilometre pipeline would ship natural gas from northeast B.C. to a liquefied natural gas terminal in Kitimat. It is a crucial link in the $40-billion LNG project the B.C. and federal governments announced last fall. Elected representatives of all 20 indigenous bands along the pipeline route have signed project agreements with the company. Five of those bands belong to the Wet'suwet'en Nation: Wet'suwet'en First Nation, Burns Lake, Nee Tahi Buhn, Skin Tyee and Witset. Although elected officials have backed the project, some hereditary chiefs have opposed it. TransCanada's Coastal GasLink was granted a court injunction in December to remove obstructions protesters had placed in Wet'suwet'en territory to proceed with construction for the $6.2-billion pipeline. On Monday, Mounties enforcing the injunction arrested 14 people.

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