Home industry oil-and-gas Canada’s TC Energy Corp is all set to pivot towards green power to run its pipelines

Canada’s TC Energy Corp is all set to pivot towards green power to run its pipelines

Oil And Gas

CIO Bulletin
2021-07-29

TC Energy Corp, a popular pipeline operator from Canada, is soon expected to invest billions of dollars in renewable energy efforts. As of now, the company is responsible for running a huge network of Canadian and US oil and gas pipelines and is looking forward to lower emissions. TC is energy is responsible for delivering oil and gas via pipelines that stretch across 100k km in North America. TC Energy’s Power and Storage President, Corey Hessen, has stated that the company has recently made the shift to liquids pipeline, and the move has given them enough confidence to pivot quickly to renewable options in both Canada and the US.

TC’s latest move to opt for renewables like wind and solar is similar to the plans of its rival company Enbridge Inc. The company is determined to prove to its investors that it will improve its performance sustainably. Hessen is certain that the new move is a really big opportunity for the company, and the project provides TC with enough scope to play a huge role in energy transmission. Energy companies all over the world are trying their best to prevent global warming emissions, and it must be noted that Canada’s oil and gas segment is one of the largest emitters.