2022 Investor Day Presentation

NET ZERO BY 2050 Focused on supporting global climate goals Abatements assessment 2022-2050 70-80% Decarbonizing our consumption and lowering emissions intensity (TC Energy Scope 1+2 reductions) • VNBR • Gillis Access • Renewable energy contracts • Elwood Power · • • Wisconsin Access, VR and WR Projects EVCS* convert methane to water Shifting company vehicle fleet to electric Leverage carbon offsets where necessary TC Energy targets + 30% GHG emissions intensity reduction by 2030 Position to achieve net-zero GHG emissions from operations by 2050 Supporting global climate goals Investing in low-carbon technologies to support global and customer GHG-reduction targets (Global Scope 1+2 reductions) • Bruce Power Life Extension/Project 2030 • Ontario Pumped Storage 20-30% Modernizing our systems and assets and driving digital solutions (TC Energy Scope 1+2 reductions) • • • Multi-sensor methane surveillance using drones, aerial and satellites Reducing venting with portable compression Digitizing GHG emissions data collection • • R&D focused on asset integrity, cost competitiveness and energy transition Dry gas seal capture and reinjection • Autonomous pipeline controls optimization The percentages identified represent our current abatement assessment. We recognize the quantum and composition of each abatement focus area will change over time as technology and innovation develops. *Enclosed Vapour Combustors (EVCs) • Hydrogen hubs with Hyzon and Nikola • Strategic investment in Carbon Clean • Coastal GasLink Pipeline • Southeast Gateway pipeline • Alberta Carbon GridTM • GreenGas USA RNG hubs Canyon Creek Pumped Storage • Saddlebrook Solar + Storage . Lynchburg Renewable Fuels 22

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