Coastal GasLink Pipeline

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend

Retrieved on: 
Thursday, February 22, 2024

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.

Key Points: 
  • Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.
  • Results were impacted by higher incentive costs driven by Pembina's share price performance and increased shared service revenue.
  • On a per share (basic) basis, cash flow from operating activities was $1.60 per share for the fourth quarter and $4.79 per share for the full year.
  • ET) for interested investors, analysts, brokers and media representatives to discuss results for the fourth quarter of 2023.

TC Energy reports record 2023 operating and financial results driven by solid execution

Retrieved on: 
Friday, February 16, 2024

Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.

Key Points: 
  • Driven by solid execution throughout 2023, our unparalleled asset base continued to generate strong operational and financial results, delivering record comparable EBITDA and comparable earnings per common share.
  • Our collective efforts in 2023 continued to set the stage for a transformative period for TC Energy.
  • Guided by a clear set of strategic priorities for 2023, including project execution, enhancing balance sheet strength, and maximizing the value of our asset base, TC Energy was successful in delivering on our commitments.
  • Throughout fourth quarter 2023, we continued to see strong, sustained demand for our assets and services that further supported the delivery of record results.

2023 was not a good year for Reconciliation: Indigenous Watchdog

Retrieved on: 
Monday, January 15, 2024

HAMILTON, Ontario, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Indigenous Watchdog makes the following the statement:

Key Points: 
  • HAMILTON, Ontario, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Indigenous Watchdog makes the following the statement:
    2023 started off bad and ended up worse.
  • Just 18 months earlier, after the last of the Three National Dialogues on Indigenous Health convened after the death of Joyce Echaquan, government leaders committed to engage with Indigenous groups on any issues relating to their health.
  • One result: The recently announced National Dental Care Plan (December 13) will have limited impact on Indigenous people in remote communities.
  • “If there are no services in your community, more money doesn’t matter,” says Sheri McKinstry co-founder of the Indigenous Dental Association.

Canada: Amnesty International report tracks years-long campaign of criminalization, unlawful surveillance against Wet’suwet’en land defenders

Retrieved on: 
Monday, December 11, 2023

Land defenders reported being assaulted during arrests, with officers wearing masks, refusing to identify themselves, destroying land defenders’ property, and cutting off communication channels among the defenders.

Key Points: 
  • Land defenders reported being assaulted during arrests, with officers wearing masks, refusing to identify themselves, destroying land defenders’ property, and cutting off communication channels among the defenders.
  • Several interviewees told Amnesty International that Wet’suwet’en and other Indigenous land defenders were treated more severely than non-Indigenous detainees.
  • Amnesty International also calls on the RCMP, its Critical Response Unit, and Forsythe Security to immediately halt the harassment, intimidation, and unlawful surveillance of Wet’suwet’en land defenders and withdraw from the Nation’s territory.
  • ‘Removed from our land for defending it:’ Criminalization, Intimidation and Harassment of Wet’suwet’en Land Defenders (Research, 11 December 2023)

Canadian landmarks light up, Amnesty International supporters write thousands of letters in celebration of Human Rights Day on Dec. 10

Retrieved on: 
Friday, December 8, 2023

To mark the occasion, several major landmarks in Canada will be lit up after dark – many in Amnesty yellow – on the evening of December 10 (International Human Rights Day), including:

Key Points: 
  • To mark the occasion, several major landmarks in Canada will be lit up after dark – many in Amnesty yellow – on the evening of December 10 (International Human Rights Day), including:
    Mississauga, Ont.
  • Since Write for Rights started in 2001, millions of people have changed the lives of those whose human rights had been targeted and stripped from them.
  • As part of Amnesty’s Write for Rights campaign 2022, our supporters took action while Amnesty International Zimbabwe supported them throughout their trials.
  • While reading the letters of support, Joanah said: “Thank you so much to our Amnesty International friends for writing all these letters.

Provincial Economies in a Holding Pattern

Retrieved on: 
Monday, November 27, 2023

The province’s GDP is forecast to increase 2.7 per cent in 2023 and an additional 1.0 per cent in 2024.

Key Points: 
  • The province’s GDP is forecast to increase 2.7 per cent in 2023 and an additional 1.0 per cent in 2024.
  • This year’s growth can be attributed to elevated investment in the non-residential sector of the economy, particularly in the energy sector.
  • Overall, the provincial economy is expected to growth by just 1.0 per cent in 2023 and a further 0.8 per cent in 2024.
  • Demand for some of the province’s key exports is also subdued, as the economies of key trading partners have decelerated.

TC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of target

Retrieved on: 
Wednesday, November 8, 2023

Project execution: Coastal GasLink achieves mechanical completion, while continuing to advance Southeast Gateway

Key Points: 
  • Project execution: Coastal GasLink achieves mechanical completion, while continuing to advance Southeast Gateway
    We are pleased to announce that the Coastal GasLink project has achieved mechanical completion ahead of our year-end target.
  • In October, the project achieved 100 per cent pipe installation following the final weld at the base of Cable Crane Hill.
  • Land rights and rights of way negotiations have closed, and all critical permits for onshore construction have been received.
  • Closing of this transaction is a major step towards reaching TC Energy’s 2024 year-end leverage target of 4.75 times debt-to-EBITDA.

CAJ: RCMP ignores legal precedent, Charter rights, in continued campaign to persecute Canadian journalist

Retrieved on: 
Monday, October 16, 2023

It's a masterclass in ignoring and denying the constitutional and legal protections afforded to journalists in Canada to do their jobs without interference."

Key Points: 
  • It's a masterclass in ignoring and denying the constitutional and legal protections afforded to journalists in Canada to do their jobs without interference."
  • In their filing , the RCMP assert that Bracken, on assignment as a journalist, was not exempt in law from obeying the terms of the injunction order.
  • As part of her lawsuit, Bracken is seeking civil damages, arguing the RCMP violated her liberty rights under Sections 7 and 9 of the Charter.
  • The Canadian Association of Journalists is the country's largest professional organization that serves to advance the interests of journalists from coast to coast to coast.

TC Energy reports solid second quarter 2023 results, while significantly advancing Coastal GasLink and Southeast Gateway projects to planned cost and schedule

Retrieved on: 
Thursday, July 27, 2023

CALGARY, Alberta, July 27, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its second quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “Today’s announcement to separate our Natural Gas Pipelines and Power and Energy Solutions businesses from our Liquids Pipelines business will maximize the value of our assets. The separated industry-leading companies will have greater strategic focus to execute major projects, drive efficiencies and operational excellence, and enhanced flexibility to pursue disciplined growth." Poirier continued, “In addition, we have made significant progress on our 2023 strategic priorities. First, we continue to safely execute our secured capital program, including Coastal GasLink and Southeast Gateway which remain on planned cost and schedule. Second, we have significantly accelerated our deleveraging goal ahead of our year-end target with the sale of a 40 per cent equity interest in the Columbia Gulf and Columbia Gas systems for total cash proceeds of $5.2 billion. And third, we are safely and reliably operating our assets that provide essential services across North America, which is a testament to the dedication and hard work of our people.”

Key Points: 
  • We remain laser focused on our 2023 priorities and have achieved significant milestones during the first half of the year.
  • We continue to safely execute major projects like Coastal GasLink and Southeast Gateway that continue to track cost and schedule.
  • TC Energy will focus on natural gas, driven by strong long-term fundamentals and power and energy solutions, driven by nuclear, pumped hydro energy storage and new energy opportunities.
  • During the second quarter of 2023, we saw continued strong demand for our critical energy assets.