Alberta seeks to ‘de-risk’ oil, gas pipeline investments in wake of Trump victory

Alberta Premier Danielle Smith says her authorities is looking for ways to promote pipeline companies to boost capableness and summation Alberta’s lipid and state export volumes to the U.S.

But Smith says her authorities is not funny successful straight subsidizing a cross-border pipeline project, preferring alternatively to find ways to “de-risk” a imaginable backstage assemblage investment.

Canada’s main oil-and-gas producing state is keen to grow its pipeline entree to the U.S. successful the aftermath of Donald Trump’s statesmanlike predetermination victory.

In his archetypal statesmanlike term, Trump supported TC Energy Corp.’s Keystone XL pipeline project, which would person carried lipid from Alberta to the U.S. but was scuttled erstwhile President Joe Biden revoked its licence connected biology grounds.

Trending Now

TC Energy is nary longer the proprietor of the Keystone pipeline network, having spun it disconnected into a abstracted institution called South Bow Corp., but immoderate manufacture watchers person questioned whether the task could beryllium revived.

Smith says determination are galore ways to boost Alberta’s lipid and state exports to the U.S., including expanding the capableness of existing pipelines.

— More to come…