TransCanada says it is committed to Keystone XL pipeline after judge orders halt

November 9, 2018 4:09 PM

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Last January, TransCanada said it had secured shipping commitments totalling roughly 500,000 barrels a day on the line, including a deal with the Alberta government to ship 50,000 barrels a day of provincially owned crude.

Other Keystone XL shippers include major Calgary-based oilsands producers Canadian Natural Resources Ltd., Suncor Energy Inc. and Cenovus Energy Inc.

The 1,897-kilometre pipeline would carry as much as 830,000 barrels of crude per day from Hardisty, Alta., to Steel City, Neb., and on through a half dozen states to refineries on the Gulf Coast.

Becky Mitchell, chairwoman of the Northern Plains Resource Council, a plaintiff in the Montana legal action against Keystone XL, said her environmental organization is thrilled with the ruling.

The company and opponents of the project have been in a decade-long dispute that has spanned several presidencies and involved standoffs between protesters and law enforcement.

In 2008, the U.S. State Department issued a presidential permit for the pipeline and TransCanada filed paperwork to expand the project. After years of legal wrangling, Barack Obama rejected the permit in 2015.

The company responded by seeking $15 billion in damages. Trump signed executive actions to again advance construction of the project in 2017.

Also read: Alberta energy firms split on call for government imposed production cuts

Source: thestar.com

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