TC Energy Corp. is again facing pushback against a proposed pipeline project, this time from three U.S. states seeking to block plans to expand a pipeline carrying Canadian natural gas to customers in the Pacific Northwest and California.

In a joint filing to the U.S. Federal Energy Regulatory Commission, the attorneys general of California, Oregon and Washington urged the regulator to deny TC Energy’s application to increase capacity of the Gas Transmission Northwest (GTN) pipeline by an estimated 150 million cubic feet per day. The 2,216-kilometre pipeline transports natural gas from Alberta and British Columbia to Malin, Oregon.

“Expanding the capacity of this pipeline would have significant environmental and public health impacts and is out of step with state and federal climate goals — and (the Federal Energy Regulatory Commission) can’t honestly say otherwise,” Rob Bonta, California’s attorney general, said in a statement.

The Aug. 22 filing was made just days before California’s grid operator declared a state of emergency Wednesday, with the state narrowly avoiding blackouts amid extreme heat and drought conditions that have crippled hydropower supplies. Demand for electricity in California has reached some of the highest levels in years and is expected to remain elevated over the long weekend as residents crank up air conditioners to cope with forecasted temperatures above 37 degrees Celsius on Sunday in parts of interior California.

Just over 33 per cent of California’s electricity generation comes from renewable sources and around 38 per cent is supplied by natural gas, according to 2021 data from the state.

TC Energy has said the GTN expansion is necessary to meet increased demand from customers in the region.

“The strong demand for natural gas pipeline capacity in the region, which (the expansion) will provide, was reaffirmed when GTN secured long-term agreements with customers for 100 per cent of the project capacity,” TC Energy said in a statement. “This further demonstrates the need for secure energy to supplement renewables as we work toward a cleaner energy future.”

However, the states have challenged TC Energy’s assertion that the expansion is needed to meet heightened demand. In the filing to the regulator, the states counter the project will primarily serve the interests of Canadian gas producers in gaining market share.

Couche-Tard expects inflation pressure to remain 'heavy' despite easing gas prices

Eric Nuttall: Stop dithering, Canada, and give the world what it wants — more natural gas

Canada turns to 1977 treaty with U.S. for second time in Line 5 battle

The states further dismissed the long term contracts inked for the proposed capacity increase, arguing in the filing that regional gas consumption is likely to decline in the coming decades as renewables and electrification increase.

“The project conflicts with state laws to reduce emissions and transition to renewable energy, and it will worsen environmental harms from climate change by locking in over 3.47 million metric tons of carbon dioxide equivalent (CO2E) emissions per year for at least the next 30 years,” the report said.

TC Energy’s proposal would involve upgrading compressor stations in Athol, Idaho, Starbuck, Washington and Kent, Oregon. Idaho has not signed onto the joint filing opposing the project.

If approved by the regulator in October, construction on the project would begin in the spring and the expanded pipeline could be in service by November 2023.

• Email: mpotkins@postmedia.com | Twitter: mpotkins

Earlier this week, the US Navy successfully prevented Iran's Revolutionary Guard Corps from trying to detain another unmanned surface vessel.

The Kraft Heinz Company stock is trending on the Yahoo Finance Platform. Here is a visualization of $KHC performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter. Check out the ticker page here.

BERLIN (AP) — Europe’s energy crisis loomed larger Friday after Russian energy giant Gazprom said it couldn't resume the supply of natural gas through a major pipeline to Germany for now. The company cited what it said was a need for urgent maintenance work to repair key components — in an announcement made just hours before it had been due to restart deliveries. The Russian state-run energy company had shut down the Nord Stream 1 pipeline on Wednesday for what it said would be three days of mai

Several large financial firms including Wall Street giants JPMorgan Chase & Co, Goldman Sachs and Morgan Stanley have ventured into new client bases in recent times beyond the high-net-worth individuals they traditionally served. The Swiss bank said it is committed to its plan of growing in the U.S. and will continue to build its digital wealth management offering. "We are continuing to explore ways to work together in a partnership and UBS has given us $70 million in financing at a $1.4 billion valuation," Wealthfront Chief Executive Officer David Fortunato said.

TriCo Bancshares ( NASDAQ:TCBK ) has announced that it will be increasing its dividend from last year's comparable...

Reuters reported in 2020 that Apple was moving forward with its self-driving car technology and was targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology. Microsoft, on the other hand, has invested in San Francisco-based self-driving car maker Cruise, which is valued at $30 billion and counts General Motors Co as a majority stakeholder.

Yahoo Finance contributor Kevin Cirilli outlines proposed legislation for states to tax Americans' student debt relief, in addition to the legal friction Republican lawmakers are exploring to impede the Biden administration's student loan forgiveness plan.

John McAfee's genius led him down some dark roads before his death. Here's the story of how he went from renowned security CEO to eccentric fugitive.

Yieldstreet Founder and President Michael Weisz joins Yahoo Finance Live to discuss how markets performed throughout August and how investors should be positioning their investment portfolios amid economic uncertainty.

(Bloomberg) -- Oil fell this week as prospects for a global economic slowdown weighed heavily on the demand outlook. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesGazprom Won’t Reopen Gas Pipeline in Energy Shock to EuropeStocks Suffer Third Weekly Loss on Rate-Hike Woes: Markets WrapElizabeth Holmes Judge Upholds Conviction in Preliminary RulingLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowWest Texas Intermediate futures dropped 6.7% for

In an appearance on Fox News, Trump's former attorney general said "the facts are starting to show" that investigators were being misled.

Shanghai Electric announced that Phase B of the 900-MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park has entered operation. As part of the world's largest photovoltaic (PV) plant under construction, the project will aid Dubai's push to upgrade and transform its energy mix by providing 2.268 billion kWh of power supply per year upon completion, enough to serve up over 240,000 homes and capable of reducing 1.1 million tonnes of carbon emission annually.

Market volatility provides Canadian investors with a golden opportunity to buy undervalued stocks and hold them in their RRSP, to capitalize on tax-free growth and dividends. The post 2 Undervalued Stocks Canadians Can Hold in Their RRSP Account appeared first on The Motley Fool Canada.

Britain's antitrust regulator said Microsoft Corp's $69 billion acquisition of "Call of Duty" maker Activision Blizzard could harm competition in gaming consoles, subscription services and cloud gaming, and it needs to be investigated in depth. The Competition and Markets Authority (CMA) said on Thursday the deal, the largest ever in gaming, could damage the industry if Microsoft refused to give competitors access to Activision's best-selling games. "We are concerned that Microsoft could use its control over popular games like 'Call of Duty' and 'World of Warcraft' post-merger to harm rivals, including recent and future rivals in multi-game subscription services and cloud gaming," the CMA said.

Meteorological Autumn is upon us, Monday's Labor Day holiday is in view and world markets are in a sour mood. With the exception of Japan, short-term bond yields across the G7 continue to surge on a toxic mix of sky-high inflation, increasingly hawkish interest rate expectations and the prospect of a gradual withdrawal of central banks as bidders for bonds as they attempt to unwind their bloated balance sheets. The sell-off in U.S. Treasuries shows no sign of abating, with markets leaning strongly to another 75 basis point rate rise from the Federal Reserve this month, despite Thursday's surprisingly soft ADP private sector jobs report for August.

Economists assessing the trade-off facing the Fed estimate U.S. employment could drop by anywhere from a few hundred thousand positions to as many as several million before the Fed fixes the worst outbreak of inflation in 40 years. The final tally will depend on how closely the economy follows patterns seen in recent decades, to what extent things like improved global supply chains help lower inflation, and how strict the Fed is in enforcing its 2% inflation goal. With the central bank's preferred inflation measure currently increasing at a more than a 6% annual rate, Joe Brusuelas, chief U.S. economist at RSM, a U.S.-based consulting firm, estimates it would take 5.3 million lost jobs and an unemployment rate of 6.7%, substantially above the 3.7% seen in August, to lower inflation to 2%.

Sims Limited, a global leader in metal recycling, a leading provider of circular solutions for technology, and an emerging leader in renewable energy, today announced the appointment of Philip Bainbridge as an independent non-executive director effective 1 September 2022. Mr. Bainbridge's appointment to a casual vacancy on the Board of Directors will be confirmed by shareholders at the 2022 annual general meeting scheduled for 8 November 2022.

"Firms and consumers alike have adopted a cautious approach to their purchasing habits over the last few months," Shreeya Patel, an economist at S&P Global, said in a statement. The Bank of Canada surprised with a 100-basis-point rate increase to July to 2.5%, with another oversized hike expected at the next decision on Sept. 7.

ATLANTA (AP) — One of Atlanta's largest hospitals said it plans to shut down in two months after experiencing more than $100 million in losses over the past year. Wellstar Health System announced late Wednesday that the Atlanta Medical Center will close Nov. 1. The hospital operates a busy emergency room and is a vital health care provider for many low-income residents. "For several years, Wellstar has continued to invest in and operate AMC with significant losses to provide more time to partner

Canadians were blind-sided by their loss of purchasing power in 2022