IEEFA: Demise of Keystone XL should spur regulators and investors to reconsider massive pipeline projects.
Robbie Fraser, Manager of Global Research & Analytics for Schneider Electric, comments on the cancellation of KXL.
The merger resulted in TC Energy acquiring all of the outstanding publicly-held common units of TCP and TCP becoming an indirect, wholly owned subsidiary of TC Energy.
Keystone pipeline revoke is just another signal of the dire outlook for oilsands projects, says GlobalData.
The agreement allows NLE to make an equity investment of up to CAN$1 billion in the Keystone XL pipeline project.
The project aims to increase natural gas capacity, improve reliability, and reduce emissions on a highly utilised segment of the ANR Pipeline system.
Contracts have been awarded to six major American union contractors to execute pipeline construction across 800 miles in three states in the US in 2021.