10:59:45 EST Wed 28 Jan 2026
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TC Energy Corp
Symbol TRP
Shares Issued 1,040,835,168
Close 2026-01-27 C$ 78.35
Market Cap C$ 81,549,435,413
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Globe says Enbridge, TC Energy told India's the future

2026-01-28 07:45 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Globe and Mail reports in its Wednesday edition that it makes sense for Ottawa to boost energy exports to India. The Globe's Emma Graney writes that Energy Minister Tim Hodgson announced at the India Energy Week in Goa that Canada aims to increase energy exports to India to diversify its customer base and reduce reliance on the U.S. supply. Exporting 98 per cent of Canadian energy to the U.S. is a "strategic blunder," Mr. Hodgson said. "The fastest-growing demand for energy in the world will be in India," he added. Rystad Energy analyst Susan Bell says exporting Canadian fossil fuels to India is worth pursuing. The country already has a fairly large refining sector that processes roughly six million barrels a day of crude, and it has plans to expand its petrochemical sector, Ms. Bell notes. "So it's not just an opportunity for crude oil, it could also be an opportunity for naphtha and potentially even ethane." Canada does sell crude to India, but at about 150,000 barrels a day, it is a sliver of the country's overall export market. Ms. Bell says the bulk of India's heavy crude imports come from Iraq, and could reasonably be substituted with Canadian oil. Ms. Bell says, "I think it's a smart market to target."

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