Even after its death, the divisive Keystone XL pipeline continued to leave Canadian energy industry experts at odds on Thursday, a day after TC Energy Corp. nailed the coffin shut on the project.
Embattled Keystone XL pipeline continues to divide experts even post-mortem
by The Canadian Press
Last Updated Jun 10, 2021 at 2:58 pm EDT
CALGARY Even after its death, the divisive Keystone XL pipeline continues to leave Canadian energy industry experts at odds.
While some suggest TC Energy Corp.’s cancellation of the project won’t impact global emissions, others says it’s a significant step in the fight against climate change.
Dennis McConaghy, a retired oilpatch executive, calls the company’s termination of the pipeline a capitulation to the environmental movement.
The former TransCanada executive says the death of the project hurts Canada’s energy sector, but won’t change global carbon emissions, noting that U.S. Gulf Coast refineries will instead source heavy oil from other countries that have lower environmental standards.