Why it may not be easy to restart the Keystone XL pipeline

Published On Dec 2, 2024, 6:00 AM

The article discusses the challenges associated with potentially restarting the Keystone XL pipeline, which was canceled by President Biden in 2021. Former President Trump has indicated plans to revive the project, citing its benefits for job creation and energy security. However, significant obstacles remain, including legal and regulatory hurdles, the removal of originally planned infrastructure, and the need for local approvals. TC Energy, the original proponent of the pipeline, has since spun off its pipeline business, complicating future efforts to restart the project. The article suggests that while the immediate revival of Keystone XL may face difficulties, there is still interest in increasing pipeline capacity between Canada and the U.S. to address rising fuel demands.

Stock Forecasts

Given the renewed interest in the energy sector and the potential for regulatory shifts depending on political outcomes, companies involved in pipeline construction and oil production could see positive effects. However, the actual revival of the Keystone XL project remains uncertain due to legal and environmental challenges.

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