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Stock impact report

TC Energy bets global turmoil makes Canadian LNG too valuable to delay [Wealth Professional (Canada)]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
Canada's window to sell more liquefied natural gas to Asia is opening on the back of war in Iran and a choked Strait of Hormuz, but TC Energy Corp.'s chief executive says Ottawa's slow permitting still threatens to shut it. Permitting delays put Canadian projects at a disadvantage Francois Poirier said Canada's process for approving energy infrastructure remains “far too slow,” despite Prime Minister Mark Carney's creation of the Major Projects Office to steer proposals to approval within two years, according to interviews reported by the Financial Post He reiterated his call for six-month timelines for key permits. “We're competing for international customers to deliver them LNG. We want to diversify beyond the US We don't get to pick the timelines,” he told Bloomberg. Poirier pointed to TC Energy's Southeast Gateway natural gas pipeline in Mexico, where regulators granted permits in seven months, and said “no environmental corners were cut,” according to the Financial Pos Show less Read more
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