[ad_1]
Listen to this article
Estimated 2 minutes
The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.
U.S. President Donald Trump on Thursday signed an order authorizing a proposed project to transport Canadian oil across the border as part of an effort to revive parts of the cancelled Keystone XL pipeline.
South Bow, the Canadian pipeline company behind the canceled Keystone XL pipeline, is partnering with U.S. company Bridger Pipeline on the proposed project.
South Bow is considering reviving some of the already-built line in Alberta and Saskatchewan.
Bridger Pipeline is pursuing construction of a potential 1,038-kilometre pipeline beginning near the U.S.-Canada border in Phillips County, Mt., and transiting to Guernsey, Wy.
The pipeline could increase Canada’s crude exports to the U.S. by more than 12 per cent if it goes ahead.
The new proposal involves a different route through the U.S. than the previous Keystone XL pipeline project, which was canceled by former U.S. president Joe Biden in 2021 after years of Indigenous and environmental opposition.
However, it will use some of the previously built pipe on the Canadian side, where the Keystone XL line is already fully permitted. In 2021, about 150 kilometres of pipe were installed in Alberta.
South Bow was created in 2024 by former Keystone XL proponent TC Energy to take over its oil pipeline business.
The pipeline could transport about 550,000 barrels of Canadian crude per day to the U.S.
State regulatory permits will still be required for the project to proceed.
The presidential permit comes at a time when Canada and the U.S. are facing an ongoing trade war and will soon begin negotiations on a new North American trade agreement.
Last October, Prime Minister Mark Carney floated the idea of Keystone XL to Trump during a meeting at the White House.
During the construction of the Canadian leg of the Keystone XL pipeline, about 1,000 workers were based in the town of Oyen, located 300 kilometres east of Calgary.
The 1,897-kilometre Keystone XL pipeline was first announced in 2005 and designed to carry 830,000 barrels of crude a day from Hardisty, Alta., to Nebraska. It would then connect with the original Keystone that runs to U.S. Gulf Coast refineries.
[ad_2]
Source link