Pembina Not Giving Trans Mountain Hard Look Due to Shipping Fee Uncertainties

Pembina Pipeline Corp (PPL.TO) of Canada is veering away from considering a substantial investment in the recently expanded Trans Mountain oil pipeline (TMX), primarily due to lingering uncertainties surrounding shipping tolls, a top company executive revealed on Friday. While Pembina initially formed a partnership with the Western Indigenous Pipeline Group (WIPG)  in 2021 to explore the possibility of acquiring a stake in the Canadian government-owned pipeline, recent months have seen a notable shift in their stance towards investing in the…