EXCLUSIVE: TC Energy is bolstering America’s energy dominance through critical investments
Energy dominance is a key pillar of Republican governance that the Trump administration is ardently pursuing. American companies are answering the call, but TC Energy up in Canada is also joining the efforts.
TC Energy president and CEO Francois Poirier caught up with the Washington Reporter to talk about his company’s moves to bolster American energy dominance. Poirier told the Reporter that TC Energy is “a North American company” that has “moved an awful lot of natural gas around all three countries” in the continent.
Poirier said that “capital wants to flow where the opportunity is the greatest,” where “the risks are manageable and where the returns are the most attractive.” The TC Energy CEO said that, of the over $30 billion capital program housed by the firm, “more than half of it is focused on investing in the U.S.”
“And I would say, of the next $30 billion over the course of the next five years, so in the early 2030s, even more of that capital and investment wants to be in the U.S.,” Poirier said.
Poirier said the investment is being primarily driven by liquid natural gas (LNG) export growth, noting that LNG exporting is expected to triple in North America between 2024 and 2035. The TC Energy CEO said “the vast majority of that's gonna be in the U.S. on the U.S. Gulf Coast” and that America will see more of a shift away from coal to natural gas as Canada has seen.
Poirier said there is “still a lot of momentum for repowering retiring coal facilities with natural gas” but noted that Mexico is facing more of a shift from oil to natural gas.
Additionally, Poirier pointed out that TC Energy’s LNG pipeline was the first one to be put into service following the natural gas ban being lifted and praised the Trump administration as being “the most energy literate” administration the world has had “in many decades.”
“First of all, the president's understanding of the importance of energy might contributing to economic might and economic might contributing to American… national security,” Poirier said. “So that's a good starting point.”
“I would say that we have had and our peers have also had all of the access we've needed with the various secretaries to provide input in how to accelerate permitting timelines, how enhance our ability to accelerate the development of infrastructure,” Poirier continued. “Their teams, whether it's Secretary [Doug] Burgum who's chairing the National Energy Dominance Council or Secretary [Chris] Wright, there's a very strong desire from them to understand what industry needs to accelerate capital investment, and we've benefited as well as our peers in in have and enjoying that access.”
“And so we're looking forward to continuing to help wherever we can to give them feedback to accelerate streamlining our regulation,” he added.
TC Energy is yet another company investing in America and bolstering America’s energy dominance and national security.
As the Trump administration’s economic policies continue to take hold and grow the American economy, expect more businesses from our northern and southern neighbors to follow TC Energy’s suit.
