• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Alberta’s Toews says final bill on defunct Keystone XL not ‘materially’ above $1.3B

March 9, 202111:41 AM The Canadian Press0 Comments

EDMONTON – Alberta’s finance minister says taxpayers won’t be on the hook for much more beyond $1.3 billion already committed to the defunct Keystone XL pipeline.

Travis Toews did not provide specifics on the final amount when speaking today to a budget review committee.

But he says he doesn’t expect taxpayers’ exposure will be, in his words, “materially” much more than what has been spent.

Premier Jason Kenney and his United Conservative government had committed $1.5 billion and $6 billion more in loan guarantees to the cross-border mega project to take more Alberta oil across the United States. and down to ports and refineries on the Gulf Coast in Texas.

U.S. President Joe Biden, citing climate change considerations, fulfilled a campaign promise and cancelled the project on his first day in office in January.

Kenney’s government has declined to divulge details on the funding agreement with the pipeline’s builder, TC Energy, leading to questions about how much Alberta taxpayers will ultimately owe.29dk2902l

Keystone XL TC Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Tamarack Valley Energy Announces Offering and Pricing of $325MM, Five-Year Senior Unsecured Notes due in 2030 and Partial Redemption of its Existing $300MM Unsecured Notes due in 2027
  • Discount on Western Canada Select widens
  • Cardinal Energy Ltd. Announces Monthly Dividend for July
  • Canada’s PrairieSky reports 8% y/y jump in Q2 oil royalty production
  • PrairieSky Announces Second Quarter 2025 Results

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.