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-0.000481927710843278 -0.000963855421686669 0 0.000963855421686783 0.00377510040160653 0.00562248995983938 0.00562248995983938 0.00562248995983938
Stock impact report

TC Energy CEO renews push for faster project approvals in Canada [BNN Bloomberg (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
Company Research Source: BNN Bloomberg
Speaking to the Canadian Club of Ottawa on Tuesday, Poirier said Canada continues to deter capital with lengthy permitting processes. “Capital goes where it is welcome. And for too long, it hasn't felt welcome here,” he said. Poirier pointed to the United States and Mexico as examples of jurisdictions moving quicker on large infrastructure. He noted that TC Energy's second subsea natural gas pipeline from Texas to Mexico — the Southeast Gateway Pipeline — went from permitting to in-service in under three years after approval in 2025. “We began construction eight months after filing permits and reached in-service in under three years for a 700-kilometre subsea pipeline,” he said. Most of the project is located offshore, reducing delays tied to private land acquisition. Analysts say Poirier is not wrong about the lag in Canada's process, though there are hopeful signs of change. “Yes, the U.S. and Mexico are moving quicker. The U.S., especially in the LNG market, went from Show less Read more
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