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Keystone XL Pipeline

Keystone XL is a 1,947 km long pipeline project that would carry crude oil from Alberta to Nebraska. It is owned by Calgary-based TC Energy. The pipeline is named XL for “export limited.” First proposed in July 2008, it is the fourth phase of TC Energy’s existing Keystone Pipeline system. In Canada, Keystone XL has the support of both the federal and Alberta governments. However, in January 2021, United States president Joe Biden cancelled its permit on his first day in office. The project has also faced significant opposition and legal challenges on environmental grounds.

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TC Energy (formerly TransCanada)

TC Energy Corporation (formerly TransCanada Corporation) is a natural gas, oil and power-generation company headquartered in Calgary, Alberta. TC Energy owns more than 92,600 km of natural gas pipeline in North America and transports more than 25 per cent of the gas consumed on the continent. It also operates power plants and gas storage facilities. A public company, it trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TRP. In 2018, TC Energy registered $13.7 billion in revenue and $3.5 billion in profit and held $98.9 billion in assets. The company employs about 7,300 people, more than half of them in Canada.