July 30, 2021 Read More →

Keystone XL developer plans switch to renewables to operate pipelines

Reuters:

Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines.

Calgary-based TC Energy, which ships oil and gas through nearly 100,000 kilometres (62,140 miles) of pipelines, one of the biggest networks in North America, has been encouraged by a better-than-expected response to a request in April for information on wind power for projects in the United States. 

“We started just with our liquids pipeline and it gives us really a lot of confidence that we’ll be able to pivot quickly to our natural gas pipeline business both in the U.S. and in Canada,” Corey Hessen, TC Energy’s president of power and storage, told Reuters.

TC’s decision to power pipelines with wind and solar, instead of natural gas, is similar to smaller-scale plans by rival Enbridge Inc (ENB.TO) and would go some way toward meeting investor demands to improve its environmental performance.

[Nia Williams]

More: TC Energy to switch to green power to run N. American energy pipelines

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