TC Energy Corp.’s Keystone XL crude pipeline could be built by the first quarter of next year if the Biden administration were to reverse its decision to cancel the project.
Construction of the controversial pipeline, which would have raised Canada’s oil-sands export capacity to the U.S. by almost 900,000 barrels a day, had already begun when the project was scrapped last year by the U.S., Alberta Premier Jason Kenney said during a news conference. U.S. President Joe Biden canceled a key permit for Keystone XL on his first day in office, citing environmental concerns.
“We could turn this around in less than a year,” Kenney said on Monday.
