{"id":6492,"date":"2021-01-18T23:36:39","date_gmt":"2021-01-18T23:36:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/01\/18\/fresh-keystone-xl-cancellation-disappointing-for-canadian-energy-industry-as-tc-energy-shares-fall\/"},"modified":"2021-01-25T03:53:24","modified_gmt":"2021-01-25T03:53:24","slug":"fresh-keystone-xl-cancellation-disappointing-for-canadian-energy-industry-as-tc-energy-shares-fall","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/01\/18\/fresh-keystone-xl-cancellation-disappointing-for-canadian-energy-industry-as-tc-energy-shares-fall\/","title":{"rendered":"Fresh Keystone XL cancellation ‘disappointing’ for Canadian energy industry as TC Energy shares fall"},"content":{"rendered":"
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Similarly, Canadian Manufacturers and Exporters chief executive Dennis Darby said the project needed \u201ca strong show of support from the federal government\u201d because the cancelled pipeline would have negative implications for business across Canada.<\/p>\n

\u201cIt\u2019s not just about Alberta. It\u2019s about manufacturers that make pipes, machines, tires. We need to make sure that\u2019s not lost,\u201d he said.<\/p>\n

Alberta Premier Jason Kenney also called on Trudeau to \u201csend a clear message\u201d to Biden on the need for the pipeline.<\/p>\n

\u201cI do believe it\u2019s important that in the next 48 hours that Prime Minister Justin Trudeau reach out directly to the U.S. administration,\u201d he said.<\/p>\n

Kenney said his government is prepared to sue the U.S. to, at a minimum, recover costs of the project that has been under construction since last spring should Biden cancel its permits this week.<\/p>\n

\u201cWe believe that we have very strong arguments for legal recourse for damages incurred,\u201d he said. \u201cI believe this is without precedent for an American administration to retroactively seek to cancel a piece of infrastructure, a border crossing, that already exists.\u201d<\/p>\n

The potential to recover the money Alberta has lost on this project is fairly small because TC Energy\u2019s previous attempt to sue the U.S. were difficult, said Richard Masson, executive fellow at the University of Calgary School of Public Policy.<\/p>\n

\u201cTo me, it seems like the billion and a half dollars that has mostly been invested is pretty much at risk,\u201d he said, adding that the additional $6-billion loan guarantee is likely not lost for the provincial government yet, because construction work would halt likely halt Wednesday before those dollars are spent.<\/p>\n

TC Energy did not respond to a request for comment Monday on how many people are currently working on the Keystone XL project in the U.S.<\/p>\n

A company website shows pump stations and pipe yards were built in Montana and South Dakota last year and some ground work was carried out in Nebraska for the Keystone XL project. TC Energy also built the section of the pipeline that crosses the Saskatchewan\/Montana border last year.<\/p>\n

\u2022 Email: gmorgan@nationalpost.com<\/a> | Twitter: geoffreymorgan<\/a><\/em><\/p>\n<\/div>\n\n
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Article content continued Similarly, Canadian Manufacturers and Exporters chief executive Dennis Darby said the project needed \u201ca strong show of support from the federal government\u201d because the cancelled pipeline would…<\/p>\n","protected":false},"author":2,"featured_media":6493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-6492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-commodities"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/6492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=6492"}],"version-history":[{"count":1,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/6492\/revisions"}],"predecessor-version":[{"id":6494,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/6492\/revisions\/6494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/6493"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=6492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=6492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=6492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}