Canada, U.S. must do more to remove political risks around pipeline permits, South Bow CEO says
The CEO of South Bow Ltd. emphasizes the need for Canada and the U.S. to mitigate political risks associated with pipeline permits. The proposed Prairie Connector pipeline aims to transport 450,000 barrels of oil daily from Alberta to the U.S. border, following a route similar to the defunct Keystone XL project. Addressing regulatory uncertainties is crucial for the project's advancement and the overall growth of Canada's oil sector.
- ▪South Bow's Prairie Connector pipeline would carry oil from Hardisty, Alberta, to the U.S. border.
- ▪The CEO believes Alberta's oil sands production could triple over the next 50 years.
- ▪Political risks remain a concern, as changes in government could impact pipeline projects.
- ▪New U.S. regulations make it harder for a president to revoke permits without Congress approval.
- ▪South Bow is engaging with local landowners to survey land along the original Keystone XL route.
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Open this photo in gallery:Pipes meant for the defunct Keystone XL project are stacked at a yard in Gascoyne, N.D., in 2015.Alex Panetta/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanada and the United States must do more to remove political risks around pipeline permitting, the head of South Bow Ltd. SOBO-T says, as the company finalizes a call for volume commitments on its planned Prairie Connector line.If built, South Bow’s Prairie Connector pipeline would largely follow the route of the proposed Keystone XL line and carry roughly 450,000 barrels of oil each day from Hardisty, Alta., to the U.S. border.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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