Your support is vital to helping us provide free local news. In March, the company approved construction of the US$8-billion project to transport up to 830,000 barrels per day of oil from Alberta to Nebraska after the Alberta government agreed to invest about US$1.1 billion (C$1.5 billion) as equity and guarantee a US$4.2-billion project loan. CALGARY — The long-standing chief executive of TC Energy Corp. is set to retire having overseen a corporate name change and dramatic growth and stock price appreciation, but without achieving completion of the contentious Keystone XL pipeline project. Girling is expected to help Poirier with the transition through Feb. 28. ET (4 p.m. to 7 p.m. PT). (Reuters) - TC Energy Corp TRP.TO sees too much uncertainty to commit immediately to the long-delayed Keystone XL oil pipeline project, company executives said on Thursday, even as TC prepared for construction. The hit to Keystone volumes comes after a leak in North Dakota in late October temporarily shut down the pipeline. Keystone XL Announces Project Labor Agreement with Four U.S. See here for a complete list of exchanges and delays. Creates Multi-Million Dollar Training Program for Renewable Energy Sector. It has been delayed for more than a decade by opposition from landowners, environmental groups and tribes, and after former U.S. President Barack Obama rejected the project. The five First Nations include the Nekaneet First Nation in Saskatchewan and the Ermineskin Cree Nation, Montana First Nation, Louis Bull Tribe and Saddle Lake Cree Nation in Alberta. Unions. Its future is still in doubt, however, as Democratic candidate Joe Biden has said he would cancel the vital Keystone XL presidential permit if he is elected president in November.
He is to be replaced as director and CEO by chief operating officer Francois Poirier, who is also president for power and storage and Mexican operations.

"His discipline, integrity and strategic leadership have been instrumental in the success our company has enjoyed," he said. In an interview, Prior wouldn't give specifics but said the deal will be for a minority interest in the pipeline and TC won't directly provide the funding. The Keystone XL pipeline expansion has been the most-watched TC project during Girling's tenure although it was first proposed before he became CEO, in 2008, when George W. Bush was U.S. president. This report by The Canadian Press was first published Sept. 21, 2020.
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Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. Likewise, Alberta’s recovery depends on Indigenous communities participating in economic prosperity.". See the latest updates, context, and perspectives about this story.

"Today’s announcement is a testament to what we can accomplish when industry and Indigenous groups work together," said Nekaneet First Nation Chief Alvin Francis, president of Natural Law. He pointed out that the company's stock has increased by more than 68 per cent since Girling was named CEO on July 1, 2010, and the company has paid out about $23.84 per share in cumulative dividends. Companies in this story: (TSX:TRP, TSX:SU), Sign in or register for your free account, Labour board orders health-care staff who walked off the job to go back to work, Legendary Edmonton locker-room attendant Joey Moss dies at 57, 'The warning bell is ringing:' Social gathering limits imposed in Calgary, Edmonton. Girling joined TransCanada in 1994 after holding marketing and management positions at Suncor Energy Inc., Northridge Petroleum Marketing and Dome Petroleum. You can, More Coquitlam schools hit with COVID-19 exposures, This Port Moody company had an ‘a-ha!’ moment that could change the world, UPDATED: Unlawfully at large teenager may present risk to himself or public: Coquitlam RCMP, UPDATED: Port Coquitlam schoolyard stabbing could result in more arrests, B.C.

The timing is a surprise but the replacement isn't, said analyst Ian Gillies of Stifel FirstEnergy in a report. "This MOU affirms the shared importance Indigenous people and Alberta’s government place on projects such as Keystone XL, which will bring the jobs and steady economic benefits to lift more people onto solid financial ground – now and for years to come," said Premier Jason Kenney in a statement. TC Chief Executive Russ Girling said the company has acquired nearly all right of way in the United States for the pipeline, which would run from Alberta through Montana, South Dakota and into Nebraska. TC Energy says a final agreement with Natural Law is expected to be completed in the fourth quarter of 2020, formalizing its participation in Keystone XL.


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