This document is a comprehensive report on a company's activities throughout the preceding year.

Pembina Pipeline Corporation and TC Energy Corporation are pleased to share their plan to jointly develop a world-scale carbon transportation and sequestration system which, when fully constructed, will be capable of transporting more than 20 million tonnes of CO2 annually. By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid ("ACG" or the "Project") represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy and create sustainable long-term value for Pembina and TC Energy stakeholders.

The protection of our water resources is of the utmost importance to both the environment and our business.

Date and time: May 07, 2021 @ 10:00 a.m. MDT