A $1.1- billion equity investment from Alberta’s provincial government has relaunched construction of the controversial Keystone XL oil sands pipeline between Canada and the U.S., with work set to start this month.
TC Energy, developer of the planned $8-billion, 1,210-mile pipeline linking Hardisty, Alberta, and Steel City, Neb., said March 31 that the financing will cover planned construction costs through the end of 2020.