By Kevin Orland
The victory is only a partial win for TC Energy and the Keystone XL project, which would ship more crude from Canada’s oil sands to refineries on the U.S. Gulf Coast. TC Energy said in May it was already too late to start major construction activity this year. The project also still faces a legal challenge in Nebraska, and a decision on that matter is due this quarter, TC said Thursday.
The 1,200-mile (1,900-kilometer) conduit is seen as a key project for the Canadian oil industry, which has been hampered by a lack of pipeline space. It’s also become a target of environmentalists, who argue that it would enable increased development of Alberta’s oil sands, thus raising global greenhouse gas emissions.