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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > TC Energy will not revive Keystone XL
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Post by BayStreetWolfTO on Mar 09, 2022 9:19am

TC Energy will not revive Keystone XL

TC says NO way.....and good....Biden cancelled it and Justin just hid in the closet on the issue....both deserve what is coming in my opinion...


https://boereport.com/2022/03/08/canadas-tc-energy-will-not-revive-keystone-xl-oil-pipeline-project/

TC Energy will not revive Keystone XL oil pipeline project

TC Energy will not revive Keystone XL oil pipeline project
March 8, 202210:43 AM Reuters-1 Comments
 
Cancelled Keystone XL pipeline
Canceled Keystone XL pipeline extension being laid
TC Energy Corp said on Tuesday its Keystone XL (KXL) pipeline project to carry Canadian oil to U.S. refineries will not be revived, even as politicians on both sides of the border call for its resurrection to help replace Russian oil imports to North America.
 
The United States on Tuesday banned Russian oil imports in retaliation to Moscow’s invasion of Ukraine, a decision that is expected to worsen disruptions in the global energy market.
 
“The Keystone XL Pipeline Project was terminated and will not proceed,” a TC Energy spokesman said in an email.
 
KXL would have carried 830,000 barrels per day of Canadian crude from Alberta to U.S. refineries, but ran years of regulatory delays and fierce environmental opposition before ultimately being scrapped.
 
Alberta Premier Jason Kenney on Monday urged the U.S. government to reconsider the pipeline, which was cancelled last year after U.S. President Joe Biden revoked a key permit.29dk2902l
Comment by Praxis1 on Mar 09, 2022 9:27am
I don't blame them for not wanting to start this up again.  It is just a huge hassle.  Remember that TC Energy did try many times but too many headwinds.  If I were in their shoes I wouldn't either.
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