A wave of transactions in the North American fossil fuel sector is tied to companies placing bets on oil, natural gas or clean power. Read on.
TC Energy Corp., the Canadian company behind the abandoned plan to build the controversial Keystone XL crude oil pipeline, is in the process of spinning off its oil business to focus on handling natural gas, a split it said would leave TC “uniquely positioned to meet growing industry and consumer demand for reliable, lower-carbon energy.”
For Dominion, the deal is also a bet on the transition, allowing it to sharpen its focus on state-regulated electric utilities and free up capital to invest in renewables to meet growing power demand. LeBlanc added that “the oil guys and the people who have been in the gas business are saying: gas has a lot going for it and it is the fuel that will become important if the road to renewables doesn’t work.”Article content
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coastal North Carolina hit by flooding as Tropical Storm Ophelia travels northResidents in parts of coastal North Carolina and Virginia experienced flooding Saturday after Tropical Storm Ophelia made landfall near a North Carolina barrier island, bringing rain, damaging winds and dangerous surges.
Lire la suite »
ECB's Lagarde bets that rates held at record high will curb inflationFRANKFURT (Reuters) - The European Central Bank's record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said on ...
Lire la suite »
Germany Bets on Slashing Red Tape to Reverse Home-Building SlumpGermany’s ruling coalition pledged to simplify building rules and boost public investment in a bid to lift the country’s construction industry out of a slump and spur new housing projects.
Lire la suite »
ECB President Christine Lagarde bets that rates held at record high will help curb inflationSpeaking on Monday, Christine Lagarde repeated the European Central Bank’s guidance that neither promises nor rules out further rate hikes
Lire la suite »
Hedge Funds Boost Euro Shorts to 11-Month High on Peak ECB BetsHedge funds catapulted bearish wagers on the euro to a near one-year high as markets bet the European Central Bank is done raising interest rates.
Lire la suite »