TC Energy Confirms Termination of Keystone XL Pipeline (1)

(Adds projected cost to Alberta in third bullet point.)

• TC Energy terminated the Keystone XL Pipeline Project after a review of options and in consultation with the Government of Alberta
• Construction was suspended following the revocation of the Presidential Permit on January 20, 2021
• Cost to province of Alberta, an investor in the project, is estimated “within” C$1.3 billion ($1.1 billion), provincial government says in release

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Molly Kissler in New York at mkissler@bloomberg.net;
Robert Tuttle in Calgary at rtuttle@bloomberg.net

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Chiara Vasarri at cvasarri@bloomberg.net;
Jasmina Kelemen at jkelemen2@bloomberg.net

Mike Jeffers

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