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Pembina Pipeline Corp. has approved two pipeline expansion projects in British Columbia and Alberta, despite a dip in fourth-quarter earnings for 2025. The company's earnings fell to $489 million from $572 million year-over-year, with revenue decreasing from $2.15 billion to $1.91 billion.

The expansions represent a total investment of $425 million and are expected to be operational next year. One project involves a $310-million pipeline in British Columbia, while the other is a $115-million connection from Taylor to Gordondale in Alberta.