Investing US$8 billion in the North American economy
TC Energy has announced that we will proceed with construction of the Keystone XL Pipeline, a 1,210-mile (1,947-km) pipeline capable of safely delivering 830,000 barrels per day (Bbl/day) of crude oil from Hardisty, Alberta, to Steele City, Nebraska, where it will connect with TC Energy’s existing facilities to reach U.S. Gulf Coast refiners to meet critical needs for transportation fuel and useful manufactured products. The pipeline project will invest US$8 billion into the North American economy.
“We appreciate the ongoing backing of landowners, customers, Indigenous groups and numerous partners in the U.S. and Canada who helped us secure project support and key regulatory approvals as this important energy infrastructure project is poised to put thousands of people to work, generate substantial economic benefits and strengthen continental energy security,” said Russ Girling, TC Energy’s President and Chief Executive Officer.
Hundreds of millions in property taxes
Once operational, Keystone XL will generate hundreds of millions in property taxes for municipalities in more than 40 counties in Canada and the United States — valuable funds that can be spent on schools, hospitals, roads and more.
Construction of Keystone XL will create 13,200 (10,400 U.S. and 2,800 Canada) high-quality jobs and local contracting opportunities for welders, surveyors, engineers, environmental specialists and more for communities and Indigenous groups. Overall, construction will support nearly 60,000 (U.S., 42,000 and Canada, 17,000) direct, indirect and induced employment opportunities generated by the business that will be created by supplying goods and services to the project and the project’s workforce.
Safely transporting energy
Keystone XL has been carefully studied by federal, state and provincial agencies for more than a decade. These studies unanimously concluded Keystone XL can be built safely and with care for the environment.