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TC Energy Will Not Revive Keystone

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TC Energy Corp said its Keystone XL (KXL) pipeline project to carry Canadian oil to US refineries will not be revived, even as politicians on both sides of the border call for its resurrection to help replace Russian oil imports to North America

The United States banned Russian oil imports in retaliation at Moscow’s invasion of Ukraine on Tuesday, a decision that is expected to worsen disruption in the global energy market.

“The Keystone XL Pipeline Project was terminated and will not proceed,” a TC Energy spokesman said in an email.

KXL would have carried 830,000 barrels per day of Canadian crude from Alberta to US refineries but ran years of regulatory delays and fierce environmental opposition before ultimately being scrapped.

Alberta Premier Jason Kenney on Monday urged the US government to reconsider the pipeline, which was cancelled last year after US President Joe Biden revoked a key permit.

In the United States, opposition Republicans, including former vice-president Mike Pence, have also called for KXL to be authorized.

For more information visit www.tcenergy.com