Cancelled Keystone XL Pipeline May Yield 48,000 Tons of Scrap
- Canada Energy Regulator estimates 150 km pipe installed
- It’s unclear if TC Energy has more steel pipe in storage
Photographer: Andrew Burton/Getty Images
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The scrapping of Keystone XL not only means the end of multibillion-dollar pipe dream for TC Energy Corp. -- it also leaves behind 48,000 tons of steel.
U.S. President Joe Biden revoked permits for the oil pipeline on his first day in office, killing a cross-border project that had won a four-year reprieve under his Republican predecessor, Donald Trump. The pipeline would have spanned almost 1,900 kilometers (1,180 miles). TC Energy anticipated needing about 660,000 tons of steel just for the U.S. portion.