News & Events zu TC Energy Corp (TRP)TRPTC Energy Corp

TC Energy Advances Coastal GasLink Phase 2

TC Energy announced Coastal GasLink, or CGL, Phase 2 will proceed following LNG Canada and its joint venture participants' positive Final Investment Decision, or FID, on the expansion of the LNG Canada facility, satisfying the conditions associated with TC Energy's conditional FID for the project. The CGL pipeline transports approximately 2.1 Bcf/d of natural gas. CGL Phase 2 will nearly double the existing capacity along the existing 670-kilometre route from Dawson Creek to the LNG Canada liquefaction facility in Kitimat, northern British Columbia. LNG Canada will lead project construction as Phase 2 Execution Manager, while CGL will remain the owner, operator and permit holder of the pipeline and associated facilities. CGL and TC Energy will provide certain technical advisory and procurement services along with operational expertise to support delivery. CGL's legacy includes more than $1.8B in contracts awarded to Indigenous and local businesses, more than $13M invested in local communities, non-profits and sponsorships, and approximately 25,700 full-time-equivalent jobs created in British Columbia through the pipeline's multi-year construction. The pipeline was built with the support of 20 elected Indigenous communities along the project route. It's estimated that up to 2,100 people will be employed on CGL Phase 2 during peak construction across five sites. CGL Phase 2 construction is expected to commence in early 2027, with anticipated in-service in the early 2030s. CGL Phase 2 infrastructure will be operated by TC Energy, a co-owner of CGL.

TC Energy Sells Energia Occidente de Mexico for $400M

TC Energy announced it has entered into an agreement to sell Energia Occidente de Mexico, the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of Esentia Energy Development, S.A.B. de C.V. for a gross purchase price of $400M. The 313-kilometre Guadalajara-Manzanillo Pipeline transports up to 500 MMcf/d of natural gas, connecting imported LNG supply near Manzanillo and continental gas supply near Guadalajara to power plants and industrial customers in the states of Colima and Jalisco. This transaction is anticipated to close in the first half of 2027, and is subject to customary closing conditions, regulatory approvals and consents.

Trump Announces Canada Auto Tariffs to Increase to 50%

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS:President Donald Trumpin a post to Truth Social, "Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE! On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%. Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US! They do 95% of their business with the U.S., with us, the exact opposite! Thank you for your attention to this matter!" Publicly traded automakers include Ford, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.SETTLEMENT:When the Justice Department was preparing a legal battle more than a decade in the making against Live Nation, President Trump called and told a senior official to settle the matter, Rebecca Ballhaus, Joe Palazzolo, Dana Mattioli, Josh Dawsey, and Dave Michaels of The Wall Street Journal. The antitrust trial against Live Nation was two days away when Trump made the call, and DOJ officials and Live Nation had spent months exchanging settlement proposals but had little to show for it. White House involvement in law-enforcement matters is a regular event during Trump's second term, but many regard this political interference to be extreme.LOW-COST INTERCEPTORS:Powerusis expanding UAE production of its low-cost Guardian drone interceptor as the Iran war highlights the cost and logistical strain of using expensive U.S. air defenses against mass drone attacks, with production targeted to reach 15,000 units monthly by mid-2027, The New York Times' Farah Stockman and Ismaeel Naar. Powerus is seeking to manufacture its systems closer to the countries that need them rather than relying entirely on production inside the U.S., according to the report.KEYSTONE XL:President Donald Trump has suggested reviving the Keystone XL oil pipeline may happen when he said the U.S. was close to reaching a trade deal with Canada to avoid tariffs, Ryan Dezember of The Wall Street Journal. Pipeline developers, however, have already pieced together an alternative to the Keystone expansion. This alternative would serve the same function as the Keystone XL pipeline, but without the name. The alternative pipeline even intends to use portions of the stalled Keystone project and may face similar opposition. Companies in the space include TC Energyand ConocoPhillips.