TC Energy to proceed with Keystone XL pipeline after US$1.1 billion investment from Alberta government | Financial Post

https://business.financialpost.com/commodities/energy/tc-energy-to-proceed-with-keystone-xl-pipeline-after-1-5b-investment-from-alberta-government

the Government of Alberta has agreed to invest US$1.1 billion as equity in the 830,000-barrels-per-day pipeline project. This going towards construction costs through the end of 2020. The remaining investment of US$6.9 billion is expected to be made in 2021 and 2022 through the combination of a US$4.2 billion project level credit facility to be fully guaranteed by the Government of Alberta and a US$2.7 billion investment by TC Energy.

Yet another lawsuit to block the pipeline’s federal permit, filed last summer in Montana is being heard this month.

Native American tribes involved have said pollution from 20th century oil development made the Fort Peck’s reservoir undrinkable, and Cheek, a Hunkpapa Lakota and Oglala Sioux tribal member, fears the community’s new Missouri River water source might suffer the same fate.

About Kevin Yaworski

I use my blog to write about things that I think are a matter of public interest or that I think others will be interested in
This entry was posted in international, law, News and politics, Oil and Gas, Sustainability. Bookmark the permalink.

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