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45-487: The TC Energy Tower houses the head offices of TC Energy (formerly TransCanada Corporation). This article about a building or structure in Alberta is a stub . You can help Misplaced Pages by expanding it . This Calgary -related article is a stub . You can help Misplaced Pages by expanding it . TC Energy TC Energy Corporation (formerly TransCanada Corporation ) is a major North American energy company , based in

90-865: A fully guaranteed CA$ 4.2 billion loan for the project. The premier also said that over the next twenty years, the financial benefits to Alberta through tax and royalty revenue would be approximately CA$ 30 billion. In response to Alberta's financial support, in March, TC Energy "approved construction of the US$ 8-billion project to transport up to 830,000 barrels per day of oil." According to a Canadian Press March 31, 2020 article Premier Kenney estimated that "1,400 direct and 5,400 indirect jobs" would be created in Alberta during construction. In September 2020, TC Energy announced that it would be restructuring some of its gas pipeline operations in Alberta. In April, shortly after construction on Keystone XL began, Judge Brian M. Morris of

135-541: A joint venture of two large engineering companies, JGC of Japan and Fluor Corporation of the US, operating as JGC Fluor aka JFJV . The first phase of the project includes a $ 6.2 billion Coastal GasLink Pipeline through northern British Columbia, which will be built and operated by TC Energy (formerly TransCanada Corporation). Coastal GasLink will be a 670-kilometre (420 mi) gas pipeline with an initial capacity of about 2.1 billion cubic feet per day (Bcf/day) with

180-452: A subsidiary of one of the LNG Canada partners and shareholders, i.e. Mitsubishi. The scope of the facility includes: The partners and their engineering and construction contractors aim to open the LNG Canada project by 2025, barring engineering, construction, environmental or regulatory obstacles. The engineering and overall supervision of the construction of the project has been awarded to

225-557: Is a fragile ecosystem. In October 2011, TransCanada was involved in up to 56 separate eminent domain actions against landowners in Texas and South Dakota who refused to give permission to the company to build the Keystone Pipeline through their land. However, on August 23, 2012, Texas Judge Bill Harris ruled that TransCanada had the right of eminent domain and could lease or purchase land from owners who refused to sign an agreement with

270-496: Is about 20% of Western Canadian exports. The Energy division owns or has interests in 11 power generation facilities with combined capacity of 6,600 megawatts (MW). These power sources include nuclear and natural gas fired. The company is expanding its energy division to include more renewable sources including pumped storage , wind , and solar generation. The company was founded in 1951 in Calgary . The company's US headquarters

315-636: Is an expansion of the Keystone Pipeline System — began construction in 2020. When completed, the Keystone XL Pipeline will transport 830,000 barrels of Athabasca oil sands crude oil per day from the Hardisty, Alberta to Steele City, Nebraska . TC Energy had first proposed the Keystone XL pipeline in 2008. The proposal faced widespread grassroots opposition with tactics including tree sits in

360-537: Is an industrial joint venture established to construct a liquefied natural gas (LNG) export terminal in Kitimat , British Columbia , Canada. The consortium is led by Shell and also includes Petronas , PetroChina , Mitsubishi , and Korea Gas . The Kitimat terminal will export LNG produced in the Montney Formation near Dawson Creek , B.C by the project's partners. The total investment, estimated at $ 40 billion,

405-544: Is being called "best in class." As reported by JWN Energy: "Canadian LNG operations will be well below the global emissions average of 0.26 to 0.35 tonnes of CO 2 equivalent per tonne of LNG produced. LNG Canada, currently under construction at Kitimat, B.C., is being designed for 0.15 tonnes of CO 2 equivalent per tonne per tonne of LNG." LNG Canada received its Environmental Assessment Certificate in June 2015 following three years of community consultation and studies. LNG Canada

450-662: Is located in the TC Energy Center skyscraper in Houston, Texas . TC Energy is the largest shareholder in, and owns the general partner of, TC PipeLines . The company was incorporated in 1951 by a Special Act of Parliament as Trans-Canada Pipe Lines Limited. The purpose of the company was to develop the TransCanada pipeline (now known as the Canadian Mainline) to supply eastern Canadian markets with natural gas produced in

495-517: Is required to monitor and report the local effects of its activities over the life of the project. The provincial government argues that the project will bring in C$ 23 billion in new government revenues. However, the LNG Canada project is the recipient of tax incentives. The British Columbian government, led by John Horgan , offered the project a break on the British Columbia carbon tax , as well as

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540-876: The Federal District Court in Montana suspended the United States Army Corps of Engineers (USACE)'s program allowing permits for pipelines to cross waterways, in spite of the Clean Water Act (CWA). Judge Morris said that the USACE pipeline permits "posed a threat to endangered species" and its reauthorization in 2017, had been improper. In July 2020, the Supreme Court of the United States declined to block Judge Morris' ruling, effectively halting all construction on

585-743: The Gitxsan first nation due to concerns about the impact it would have on salmon in the Skeena River . On July 25, 2017, Petronas announced they were abandoning the Pacific NorthWest LNG proposal and TransCanada said they were "reviewing our options related to our proposed Prince Rupert Gas Transmission (PRGT) project". On March 14, 2024 TC Energy announced the sale of the project to the Nisga'a Nation and Western LNG. Two TC Energy's Liquids pipelines connect Alberta crude oil supplies to U.S. refining markets.,

630-831: The Keystone Pipeline System and the Grand Rapids pipelines. The 460 km-Grand Rapids pipeline transports crude oil from the producing area northwest of Fort McMurray, Alberta, to the Edmonton/Heartland, Alberta market region. In October 2012, TransCanada formed a 50–50 CAD$ 3bn joint-venture with Phoenix Energy Holdings Ltd. (the Canadian subsidiary of PetroChina ) to develop the 500 km Grand Rapids Pipeline. The 4,324 km-Keystone Pipeline System transports crude oil from Hardisty, Alberta , to U.S. markets at Wood River and Patoka, Illinois , Cushing, Oklahoma , and

675-504: The Marcellus and Utica shale gas formations are located. In May 2019, the company changed its name from TransCanada Corporation to TC Energy Corporation to better reflect the company's business, which includes pipelines, power generation and energy storage operations in Canada, the United States and Mexico. In October 2019, the 56-story Bank of America Center skyscraper in Houston, Texas

720-654: The Site C dam , which cost more than $ 10.7 billion to build and has experienced several cost overruns. LNG Canada has stated its commitment to a "hire local first" approach and will work to ensure local residents have opportunities to become qualified to benefit from the B.C. LNG industry through training programs, direct employment, contracting and purchasing of goods and services from BC and Canadian companies. As of November 2019, $ 1 billion in contracts and procurement have gone to B.C. companies, more than half of which — $ 558 million — has gone to firms and First Nations in

765-617: The TC Energy Tower building in Calgary , Alberta , Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipeline network includes 92,600 kilometres (57,539 miles) of gas pipeline , which transports more than 25% of North American natural gas demand. The Liquids Pipelines division includes 4,900 kilometres (3,045 miles) of oil pipeline, which ships 590,000 barrels of crude oil per day, which

810-406: The provincial sales tax . The total subsidies for the project are valued at $ 5.35 billion. The subsidies extend beyond the natural gas plant itself, to new transmission lines that are being built by BC Hydro to service the gas fields where the gas will be extracted. These transmission lines have a cost of $ 296 million. The LNG project is slated to be a major recipient of electricity from

855-471: The Alberta government gained a US$ 1.1-billion ownership stake in the 1,947-kilometre pipeline which will "575,000 barrels of oil daily". The province intends to sell its shares to TC Energy "after commercial operations begin." Alberta also gave a full guarantee on a US$ 4.2-billion project loan. The $ USD1.1 billion equity covers construction costs from April through December 2020. TC Energy will also invest CA$ .7 billion. The Alberta government are also providing

900-518: The LNG Canada partners, or by their LNG purchasing clients, or they may be time-chartered from specialized independent ship owners and operators of such specialized ships. A potential controversy in connection with this large construction project is the level of customs duties that will be applied by Canada on any import of foreign manufactured steel modules, especially from China. As for any energy mining, transportation, storage and export project of this magnitude, there are numerous potential impacts on

945-507: The November 3, 2020 United States presidential election , he would fulfill his promise to cancel the pipeline's "vital presidential permit." In January 2021, U.S. President Joe Biden revoked the project’s presidential permit. On November 16, 2017, oil leaked from the pipeline in Marshall County, South Dakota , for 15 minutes before the flow of oil could be stopped. The company reported

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990-528: The U.S. Gulf Coast. The Keystone System transports approximately 20% of Western Canadian crude oil to export markets. The Keystone Pipeline has had three significant leaks since it opened in 2010. It has leaked approximately 400 barrels in North Dakota in 2011 and South Dakota in 2016, and approximately 5000 barrels in South Dakota in 2017. A third pipeline, the 1,906 km-long Keystone XL Pipeline — which

1035-681: The XL Pipeline. In September 2020, the Nekaneet Cree Nation in Saskatchewan , the Ermineskin Cree Nation , Montana First Nation , Louis Bull Tribe , and Saddle Lake Cree Nation in Alberta signed a memoranda of understanding (MOU) for an ownership stake in Keystone XL. In a Canadian Press article Calgary energy reporter, Dan Healing, wrote that Keystone XL's future was "still in doubt"—if Presidential candidate Joe Biden wins

1080-521: The amount as over 210,000 gallons. TransCanada reported it discovered the leak in Amherst, South Dakota , at 6 am on Thursday after systems detected a drop in pressure in the northern leg of the pipeline. The leak was discovered about 35 miles south of the Ludden pump station. In April 2018, a federal investigation showed that the spill was almost twice as large as TransCanada had claimed in November, and that it

1125-517: The atmosphere, on land, and at sea, which have started to be debated both within Kitimat and British Columbia, as well as in Canada at large. The LNG project is set to be the largest point source of pollution in British Columbia, and, according to The Narwhal , the first phase of the project will emit four megatonnes of greenhouse gas (GHG) emissions annually, equivalent to putting 856,531 cars on

1170-435: The company for a public right of way for the pipeline. The landowners had said that the pipeline was not open to other companies, and so did not meet the criteria for eminent domain. U.S. President Barack Obama rejected the pipeline on November 3, 2015. Early in his tenure in 2017, President Donald Trump signed presidential memoranda to revive both Keystone XL and Dakota Access pipelines. The order would expedite

1215-615: The company owns 535 Bcf of natural gas storage facilities, making TC Energy one of the largest natural gas storage providers in North America. This segment is TC Energy's largest segment, generating approximately two-thirds of the company's EBITDA in 2017. The Natural Gas Pipelines business is split into three operating segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, and Mexico Natural Gas Pipelines. The major pipeline systems include: Projects in development include: Coastal GasLink Pipeline Project — In June 2012 it

1260-511: The company. Canada's Big Five (banks) own almost 23% of the outstanding share capital. Significant holdings accrue to the Caisse de dépôt et placement du Québec and the OMERS . In 2019 TransCanada aided the drafting of anti-protest legislation in South Dakota. The legislation, which Governor Kristi Noem signed into law in March 2019, created a fund to cover the costs of policing pipeline protests, and

1305-459: The environmental review that Trump described as an "incredibly cumbersome, long, horrible permitting process". In 2017, Trump signed a U.S. Presidential Permit to allow TransCanada to build the Nebraska pipeline route of the Keystone XL. TransCanada secured sufficient commercial support to commence construction preparation. This action by Trump inspired another wave of protests and rallies against

1350-535: The first Canadian terminal to export LNG overseas, whereas several LNG liquefaction and export terminals are already operating on the Gulf and Atlantic coasts of the United States, with others being planned, including on the US west coast (see List of LNG terminals ). Within ten days of the announcement of the investment decision, two Japanese gas utilities, Toho Gas and Tokyo Gas , signed heads of agreement for LNG purchasing contracts over 15 and 13 years, respectively, with

1395-576: The natural gas will be cooled to reach its liquid state, then be stored waiting for ships to transport it to Asian markets. A new terminal for LNG carrier ships will be built at the port of Kitimat, connected to the LNG Canada liquefaction and storage plant. LNG carrier ships will sail up and down the Douglas Channel , to and from the port of Kitimat, to load LNG and sail to overseas destinations, mainly in Asia. Such ships may be owned and operated by some of

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1440-453: The path of the pipeline and civil disobedience by celebrities. Critics state that by developing the oil sands, fossil fuels will be readily available and the trend toward warming of the atmosphere won't be curbed. The fate of the pipeline is therefore held up as symbolic of America's energy future. Critics have raised concerns about the risks of spillage, as the Sandhills region of Nebraska

1485-517: The pipeline. In March 2020, Premier Jason Kenney of Alberta, agreed to help finance the construction of TC Energy's Keystone XL oil sands pipeline in southern Alberta, Montana, South Dakota and Nebraska with a CA$ 7.5 billion (US$ 5.3 billion) financing agreement. According to The New York Times , despite the coronavirus pandemic, a down turn in the global economy, and "plunging oil prices", Premier Kenney said that Alberta could not afford "for Keystone XL to be delayed." With this financial agreement,

1530-641: The port of Kitimat , on the Douglas Channel . The investment and construction decisions for the LNG Canada and Coastal GasLink Pipeline Project were officially confirmed early October 2018, for completion by 2024–2025. However, hereditary chiefs of the Wetʼsuwetʼen have denied consent to construct the pipeline on the company's preferred route through culturally and ecologically sensitive lands in their unceded territory, leading to nationwide protests . Prince Rupert Gas Transmission project — In January 2013 it

1575-434: The potential for expansion of up to approximately 5 Bcf/day. Construction activities began in early 2019 with a planned in-service date in 2023. The pipeline project is backed by 25-year transportation service agreements between TC Energy and the LNG Canada partners. The second phase is the construction of an $ 18 billion gas liquefaction and storage plant in the port of Kitimat , B.C., with two liquefaction 'trains' where

1620-560: The project may add two more trains and increase total production to 26 mtpa. The Final Investment Decision for the LNG Canada project has been considered a significant step not only for Canada's energy industry but also for the global LNG industry, as natural gas, including its liquefied form, is being used more and more extensively to fuel power plants, petrochemical plants and natural gas distribution pipelines to homes and offices, as well as to fuel various transport modes such as ocean shipping. When completed, LNG Canada will likely be

1665-547: The proposed Canyon Creek Pumped Storage Project near Hinton, Alberta would provide 75 MW of clean energy. The proposed Saddlebrook Solar + Storage project in Aldersyde, Alberta would consist of 102.5 MW of solar generation with utility-scale energy storage. As of March 2024, 83.5% of the share capital of TC Energy is owned by institutional investors . The dominant shareholder is the Royal Bank of Canada , which owns over 9% of

1710-446: The road. The additional pollution is expected to make it much more difficult for British Columbia to meet its legislated targets for greenhouse gas reduction. Through a combination of energy efficient natural gas turbines and renewable electricity from BC Hydro , the project is expected to emit less than half the GHG emissions of the average LNG facility currently in operation worldwide, and

1755-568: The west. In 1998, TransCanada Pipelines merged with NOVA Corporation 's pipeline business, keeping the TransCanada name and becoming "the fourth largest energy services company in North America". Seeking to expand its presence in the United States, in 2016, TransCanada acquired Columbia Pipeline Group (CPG) for US$ 13 billion from NiSource 's Shareholders. The CPG acquisition added a pipeline network in Pennsylvania and surrounding states, where

1800-515: Was accompanied by another law which sought to raise revenue for the fund by creating civil penalties for advising, directing, or encouraging persons participating in rioting. In response to the law Noem was sued by the Indigenous Environmental Network , Sierra Club , and other groups, who argued the laws violate First Amendment rights by incentivizing the state to sue protesters. LNG Canada LNG Canada Development Inc.

1845-610: Was announced that TransCanada was selected by Petronas to design, build, own, and operate the Prince Rupert Gas Transmission project, a gas pipeline that would transport natural gas from the Montney region near Fort St. John, British Columbia to a LNG terminal planned by Progress Energy Canada Ltd. in Port Edward, British Columbia on Lelu Island near Prince Rupert, British Columbia . The project faced opposition from

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1890-537: Was announced that TransCanada was selected by Shell and LNG Canada partners Korea Gas Corporation , Mitsubishi Corporation and PetroChina Company Limited (to which Petronas of Malaysia was added in 2018) to design, build, own and operate the Coastal GasLink pipeline between northeastern B.C. gas fields near Dawson Creek, British Columbia , and the LNG Canada LNG liquefaction, storage and export facility in

1935-547: Was approved on October 1, 2018, by the shareholders of the project, which are subsidiaries of five international companies: Shell Plc. (40%, lead partner), of the UK and Netherlands; Petronas (25%), of Malaysia; PetroChina Co. Ltd. (15%), of China; Mitsubishi Corp. (15%), of Japan; and Korea Gas Corporation (5%) of Korea. The project will initially export LNG from two processing units, or "trains," totaling 14 million tonnes per annum (mtpa) of natural gas, and that, ultimately,

1980-413: Was renamed as TC Energy Center and serves as the company's US headquarters. TC Energy's natural gas pipelines business builds, owns and operates a network of natural gas pipelines across North America that connects gas production to interconnects and end use markets. The company transports over 25% of continental daily natural gas demand through 91,900 km (57,100 mi) of pipelines. In addition,

2025-953: Was the seventh-largest onshore oil spill since 2002. The study showed that 407,000 gallons, not 210,000 gallons, had spilled. Also in April 2018, Reuters reviewed documents that showed that Keystone had "leaked substantially more oil, and more often, in the United States than the company indicated to regulators in risk assessments before operations began in 2010". TC Energy's Energy division consists of power generation and unregulated natural gas storage assets. The power business consists of approximately 7,000 megawatts (MW) of generation capacity owned or under development. These assets are located primarily in Canada and are powered by natural gas, nuclear, and wind. TC Energy has proposed two pumped storage projects and one solar project to store and supply clean energy. The Ontario Pumped Storage Project near Meaford, Ontario would provide 1000 MW of clean energy and

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