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Pembina Pipeline Corp
Symbol PPL
Shares Issued 581,478,844
Close 2026-07-07 C$ 67.76
Market Cap C$ 39,401,006,469
Recent Sedar+ Documents

Globe says TC Energy hears Ford eager for new pipeline

2026-07-07 07:23 ET - In the News

See In the News (C-TRP) TC Energy Corp

The Globe and Mail reports in its Tuesday edition that Alberta and Ontario are proposing a new 3,300-kilometre pipeline to transport crude oil across Canada. The Globe's Laura Stone and Emma Graney write that the pipeline would connect Hardisty, Alta., to Sarnia, Ont., and move about 500,000 barrels of oil daily. Premier Danielle Smith and Premier Doug Ford recently announced the proposal shortly after Ms. Smith and Prime Minister Mark Carney revealed a deal for a new pipeline route to British Columbia's West Coast. The Alberta-Ontario pipeline proposal lacks formal federal support and details on costs, with no indication of Manitoba's backing for the project. It was unclear who would build the new pipeline, a significant financial risk that domestic energy companies seem reluctant to take on. The West Coast proposal is being led by federally owned Trans Mountain, with Pembina Pipeline taking a 10-per-cent interest. Mr. Ford said Ontario is assessing potential costs and will complete a feasibility study for the Northern Shield Energy Corridor by year's end. He called the idea a "win, win, win" for Ontario, Alberta and all of Canada, adding that his government "won't hesitate" to financially back the project.

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