By Reuters Staff
3 Min Read
WASHINGTON (Reuters) - U.S. President Joe Biden on Tuesday will hold his first bilateral meeting with Canadian Prime Minister Justin Trudeau, an event the neighboring countries said would highlight their strong and deep ties.
The meeting, which will be virtual due to the coronavirus crisis, will aim to elevate collaboration on shared concerns at a time when the relationship between the close allies has been strained by Biden’s decision to block the Canada-backed Keystone XL pipeline.
In a statement on Saturday, the White House said Biden and his Cabinet will also meet virtually with Canadian ministers on a range of bilateral and global issues.
U.S. President Joe Biden on Tuesday will hold his first bilateral meeting with Canadian Prime Minister Justin Trudeau, an event the neighboring countries said would highlight their strong and deep ties.
2 Min Read
CALGARY, Alberta (Reuters) - Canada’s TC Energy Corp reported a 13% rise in fourth-quarter comparable profit on Thursday, and said it sees significant opportunities in growing its natural gas and power and storage businesses.
The Calgary-based company is the owner of the Keystone XL (KXL) oil pipeline project, which was effectively killed last month when new U.S. President Joe Biden revoked a key permit for the project, which was under construction.
Chief Executive François Poirier said TC Energy was disappointed with the KXL decision but stressed the company had a “large and diversified asset base.”
TC Energy owns North America’s largest natural gas pipeline system, power and storage assets and the existing Keystone oil pipeline. Demand for natural gas, which can be used instead of more carbon-intensive coal for electricity, is growing as more countries focus on tackling climate change.
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Feb 15 (Reuters) - A deep freeze across Texas over the weekend took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators.
The cold snap prompted the state’s electric grid operator to impose rotating blackouts, while President Joe Biden declared an emergency on Monday, unlocking federal assistance to Texas.
Texas produces roughly 4.6 million barrels of oil a day and is home to some of the nation’s largest refineries, spread throughout the Gulf Coast. In Midland, heart of the U.S. Permian shale region, temperatures were in the single digits Fahrenheit.
TC Energy Corp reported a 13.4% rise in fourth-quarter comparable profit on Thursday, helped by higher income from its U.S. and Canadian natural gas pipelines.