Published: Thu, January 18, 2018
Worldwide | By Gretchen Simon

TransCanada pushes forward on Keystone XL - for now

TransCanada pushes forward on Keystone XL - for now

The pipeline operator said it will continue to secure additional long-term contracts for the pipe.

Environmental groups, which have made Keystone a symbol of their fight against fossil fuel development, said Thursday's announcement shouldn't be interpreted as a final sign the pipeline will be built.

The agreements set out the transportation of around 500,000 barrels per day for two decades, a volume sufficient to confirm the pipeline's construction. "The government's commitment is expected to result in this pipeline being built", Ms. Oates said in an e-mail to the Globe and Mail. Construction preparation has begun, the company said, with primary work potentially coming in 2019.

Pipeline foes said the company's commercial support of 500,000 barrels per day from shippers was "shockingly weak" given that the pipeline was supposed to have the capacity for 830,000 barrels per day.

"Over the past 12 months, the Keystone XL project has achieved several milestones that move us significantly closer to constructing this critical energy infrastructure for North America", said TransCanada CEO Russ Girling, crediting President Donald Trump for helping revitalize the project that was rejected under the Obama administration.

Bill Snyder's grandson dead at 22
We are deeply saddened to learn of this news and ask that the family's privacy continue to be respected. After a brief retirement, he took back over in 2009, and remains in the position today.

TransCanada Corp.'s decision follows a 3-2 vote by the Nebraska Public Service Commission to approve a pipeline route through the state, but not the one the company preferred.

Nebraska regulators late past year approved a Keystone route through the state, though it was not the path TransCanada preferred, leading to speculation the company could pull the plug on the $8 billion project.

Despite the challenges, the company has continued moving forward and it's now working with landowners to obtain the necessary agreements for the approved route. But Donald Trump revived the project in March previous year.

The project, launched in 2008, was blocked by the Obama administration before Trump gave it the green light past year.

The Keystone XL is created to carry crude oil from the tar sands mines of northern Alberta to the U.S. Gulf Coast, where refineries are set up to handle the thick tar sand oil.

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