TC Energy CEO says that the company is still optimistic about us, despite trade tension

Written by Amanda Stevenson

Calgary (Reuters) – TC Energy Corp. CEO. The CEO of TC Energy Corp. It continues to prefer the United States over Canada when it comes to investing capital, even with the escalation of trade tensions between the two countries.

“I think this is temporary,” Francois Boyer said of the tariff advertisements of US President Donald Trump in recent weeks.

On Wednesday, Canada said it will impose retaliatory definitions on $ 29.8 billion of goods from the United States as of Thursday morning, in response to the United States, which imposes a 25 % tariff on steel and aluminum from Canada.

In an interview by phone from Houston, where he was attending the annual Cereweek Energy conference, Poirier said that the fluctuations and uncertainty are the “investment enemy”.

But he said that the current commercial situation did not weaken the TC Energy belief that the position of the pro -energy Trump administration will make it easy for the company to build an infrastructure for the natural gas pipelines in that country.

“This is the next next administration in the past fifty years,” said Boerer. “The message they presented to the private sector is” discovering a way to move faster, and will remove obstacles that allow you to do this. “

TC Energy, which broke out last year of oil pipelines in order to follow a strategy that focuses on natural gas, predicts that the demand for natural gas in North America grows by 40 billion cubic feet per day over the next decade.

The company sees opportunities for growth by expanding the natural gas network in the United States to meet this increasing demand.

TC Energy also retreats from Canadian opportunities, including the ability to expand the coastal Gaslink pipeline to provide more gas to the LNG Canada export station on the British coast of Colombia, if the supporters of this facility are advancing with the second stage proposed of development.

But at a phone conference with analysts last month, Poirier said that TC Energy plans to focus the largest part of its estimated spending in the American market. He said that part of the reason is that the regulatory system in Canada contains more barriers and poses greater risk of project developers than the United States allowing the United States.

“At the present time, modified returns by risks and certainty of time schedules are better in the United States,” said Bweer from Houston on Wednesday.