TC Energy Corp. is walking away from the Keystone XL pipeline project, ending a decade-plus battle that pitted the energy industry against environmentalists as oilsands producers sought to export Canadian crude.
The CEO of TC Energy Corp. is warning that the cost of its Coastal GasLink pipeline to bring natural gas from northeastern B.C. to Canada's first LNG export terminal is rising and completion will likely be delayed due to a construction halt to control spread of the COVID-19 pandemic.
The cancellation of the Keystone XL pipeline by U.S. President Joe Biden is a major setback for Canadian Indigenous people, says the leader of a group promoting their participation in oil and gas development as a solution to poverty on reserves.
Sustainable investing experts say TC Energy Corp.'s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout.
One of Joe Biden's first actions once he becomes U.S. president on Wednesday, January 20, 2021, will be to slam the door yet again on Canada's politically fraught Keystone XL pipeline expansion, transition documents suggest.