TC Energy seeking to sell off $5 billion in assets in 2023 to fund future projects | Globalnews.ca

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TC Energy seeking to sell off $5 billion in assets in 2023 to fund future projects

In addition, he said a divestiture program will give TC Energy the capacity to move faster with some of its efforts to reduce its emissions by 30 per cent by 2030, and reach the target of net-zero greenhouse gas emissions by 2050. The company is exploring a carbon capture transportation and sequestration system in partnership with Pembina Pipeline Corp., and also has a partnership with Irving Oil to explore the development of low-carbon hydrogen opportunities.

Revenue for the quarter totalled nearly $3.80 billion, up from $3.24 billion in the third quarter of 2021.

 

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