CALGARY – South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports persists. The levy imposed this week, and Canadian countertariffs against the U.S., have […]
South Bow Corp. anticipates tariffs will negatively impact its marketing segment due to uncertainty in price differences between Canadian and U.S. oil, potentially reducing uncommitted pipeline capacity. This has led South Bow to cut its 2025 outlook for normalized earnings in that segment by $30 million. Customer behavior has shifted due to the tariffs, causing them to consider alternatives to transporting oil south.
