TC Energy Corporation today announced a net loss attributable to common shares for first quarter 2021 of $1.1 billion or $1.11 per share compared to net income of $1.1 billion or $1.22 per share for the same period in 2020.

On the morning of September 17, 2019, following several months of negotiations with Mexico’s state power company, CFE, and with the country’s federal government including Mexico’s president himself, the Sur de Texas-Tuxpan marine pipeline (SDTT) went in-service, becoming one of the most critical energy infrastructure projects in the history of Mexico.

Uncertainty and changing expectations in the regulatory process are like ‘poison’ to those looking to invest billions of dollars developing new pipelines and other large-scale infrastructure. And the challenges TransCanada and other companies have faced in recent years will be made worse by changes proposed in Bill C-69.