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TC Energy will focus on ramping up US investments to meet soaring power demand despite signals Canada is showing a more energy-friendly stance.
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“The returns we can earn in the United States are significantly more attractive than they are in Canada,” Chief Executive Officer and President Francois Poirier said in an interview during the 2025 Concordia Annual Summit in New York. “I expect that the US will continue to be where we’ll invest.”
The pipeline company is seeking to tap into a push by US President Donald Trump, who recently signed executive orders aimed at boosting artificial intelligence development in the US by loosening regulations and expanding energy supplies for data centers, amid a broader desire for US energy dominance.
TC Energy recently announced plans to invest $8.5 billion into US energy infrastructure projects planned over the next five years. Poirier also pointed to Mexico as a priority for new investment.
“We have quite a few projects on the drawing board in Mexico, which would include getting natural gas from West Texas into the Northwest part of Mexico,” Poirier said. “There’s definitely the potential to expand” the company’s Topolobampo pipeline and “connect that line to West Texas.”
Still, TC Energy remains bullish on Canada with Prime Minister Mark Carney’s decision to speed construction of a major expansion of LNG Canada, a large-scale liquefied natural gas export project on the country’s west coast.
The project, known as LNG Canada’s Phase 2, would require doubling TC Energy’s Coastal GasLink pipeline’s capacity by adding five to six compressor stations. The capital investment would total several billion dollars, according to Poirier.
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