10:10:38 EDT Thu 14 May 2026
Enter Symbol
or Name
USA
CA



Pembina Pipeline Corp
Symbol PPL
Shares Issued 581,344,863
Close 2026-05-13 C$ 64.71
Market Cap C$ 37,618,826,085
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Globe says Pembina sees WIPG eye new pipeline plan

2026-05-14 07:51 ET - In the News

The Globe and Mail reports in its Thursday, May 14, edition that Western Indigenous Pipeline Group (WIPG) chief executive officer Joe Dion says the company may have to abandon its aim to own 100 per cent of the Trans Mountain oil conduit as Ottawa mulls holding onto the asset. The Globe's Jeffrey Jones writes that Mr. Dion says WIPG may still seek a smaller equity stake in the expanded pipeline to the Pacific coast from Alberta and vie for ownership of another pipeline that could be built alongside. Mr. Dion says recent comments by Trans Mountain CEO Mark Maki and Elizabeth Wademan, head of Canada Development Investment Corp., that TMX could remain a sovereign asset appear to signal a change in intention by the federal government, the current owner. However, they say indigenous participation is still on the table. Mr. Dion says: "We think that's the story here. That's the strategy here. If government wants these pipelines built, they need equity by First Nations, and these expansions need to be led by indigenous folks." WIPG and Pembina Pipeline set up a partnership to buy and own Trans Mountain after an expected round of bidding. The government has yet to announce a timetable for that after years of anticipation.

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