A planned move by TransCanada Corp. to change its name to TC Energy will help it attract investors who are "leery" of putting money in anything Canadian given the country's recent difficulty in building energy projects, a U.S.-based financial analyst said Wednesday. The name change was announced a day after rallies were staged in cities across Canada in support of northern B.C. Indigenous people who are trying to stop a TransCanada subsidiary from building the Coastal GasLink natural gas pipeline project through disputed territory. "Removing Canada from its name is a way to remind investors it's not just a Canadian company, with some of the challenges we're seeing in Canada." On its website, TransCanada says it was founded in 1951 to develop the TransCanada Pipeline to bring natural gas from Western Canada to eastern customers.

Source: CBC News January 09, 2019 13:23 UTC