Major Canadian energy firm invests billions in USA...

TC Energy says they are looking to invest in the oil sector, but south of the border.

Canada doesn’t need to become an energy superpower, we already are one. What we need to do is stop shackling our companies and natural resources with regulations that only get in the way of unleashing our full potential.

TC Energy is investing $8.5 billion in the American market. CEO Francois Poirier was making the rounds in New York recently promoting this investment.

“The returns we can earn in the United States are significantly more attractive than they are in Canada,” chief executive Francois Poirier said during the 2025 Concordia Annual Summit in New York. “I expect that the U.S. will continue to be where we’ll invest.”

Poirier even appearing on Fox Business to explain the decision.

So why is this investment heading stateside instead of in Canada?

It’s all due to the regulatory environment in our own country. TC Energy and Enbridge both revealed earlier this year that despite the nice words from Prime Minister Mark Carney, the investment environment in Canada is not the best.

In a conference call with investors this past summer, Poirier said that Canada is not currently competitive.

“Canada gas has to compete for capital with the other business units in the company,” Poirier said this week during a conference call on quarterly earnings.

“We are going to be allocating capital predominantly in the U.S. until competitive projects in other jurisdictions present themselves that compel us to allocate capital elsewhere.”

We need to fix the regulatory environment in this country and we need to do it soon so that as companies begin planning for their next fiscal cycle that we are a competitive jurisdiction.

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