TC Energy launches South Bow Corp. as independent crude oil pipeline business

TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company. The new company, which will be headquartered in Calgary with an office in Houston, will be led by Bevin Wirzba, formerly the executive vice-president for TC Energy's natural gas and liquids pipelines business. South Bow will run TC Energy's crude oil pipelines business, including the critical Keystone pipeline system. The move is the result of a strategic review in which the