President Trump Issues New Presidential Permit To Expand Capacity Of Keystone Pipeline -- July 30, 2020

Link here.

Trump issued a new presidential permit for the base Keystone line, allowing TC to boost capacity by 170,000 barrels per day (bpd) to 761,000 bpd, TC spokesman Terry Cunha said on Thursday. The first 50,000 bpd increment begins flowing next year.

The additional Canadian crude oil on the line will help meet growing U.S. refinery demand, Chief Executive Russ Girling said on a conference call.

When Trump came to office, he revived TC's proposed Keystone XL pipeline, which has been delayed by opposition from landowners, environmental groups and tribes. It would give Canada expanded access to its top oil market after its existing pipelines ran full in recent years.

The U.S. Supreme Court reinforced this month a lower court ruling that blocked a key environmental permit, blocking substantial U.S. construction.

TC expects Keystone XL to enter service in 2023. Construction is underway in Canada, and TC is working on a revised 2020 U.S. work plan focusing on areas that have all permits and approvals, Girling said.

Much more at the link.