Keystone XL developer it's too late to restart pipeline | Eastern North Carolina Now

The crunch at the gas pump exacerbated by the Russian invasion of Ukraine has led to calls in conservative circles to restart the controversial Keystone XL pipeline. But those calls may be nothing more than a pipe dream.

Alberta Premier Jason Kenney said the financial squeeze at pumps could be alleviated if the project was restarted.

"We could turn this around in less than a year," he said. His comments came as crude prices surged to almost $140 a barrel.

But TC Energy, the Canadian developer behind the Keystone XL project, poured cold water on the idea of it ever getting back up and running on Tuesday, telling the Washington Examiner: "The Keystone XL pipeline project was terminated in June 2021 and will not proceed."

The monumental decision to walk away from the $8 billion project came at a devastating cost to communities that pinned their hopes and investments on the success of the massive venture.

https://www.washingtonexaminer.com/policy/energy-environment/keystone-xl-developer-says-its-too-late-to-restart-pipeline-project