TC Sees Path for Keystone XL Work Despite Court Setback
- Company to pursue ‘other permitting means’ to cross waterways
- Project would add 830,000 barrels of daily shipping capacity
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TC Energy Corp. is looking for a way to start construction on its long-delayed Keystone XL oil pipeline despite a recent U.S. Supreme Court ruling that quashed authorization to lay pipe across streams and rivers.
The Canadian company plans to “pursue other permitting means to gain regulatory authorization to construct the pipeline across wetlands and waterbodies,” it said Thursday in its second-quarter earnings statement.