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Originally Posted by TorqueDog
First, it was pretty clear that KXL was going to keep getting challenged in the US courts, and as mentioned in other posts, Trump was no friend to Canada either; twelve years later and it's still being fought in the courts. Maybe Biden cancelling the project is the equivalent of ripping off the bandaid. How many more years do we throw money and legal resources at this thing to get it built? If there's a chance our government can find a deal with the incoming Biden administration, they should exhaust every avenue. But once it's dead, then we need to pivot.
Second, I regard another four years of Trump in the WH and the resulting political damage and civil unrest that imposes not only on the US who are still our closest allies, but to the political climate in Canada and the rest of the world as clearly far more significant than the KXL is in the grand scheme of things.
KXL is ultimately a temporary fix, O&G is not going to be the massive driver for Alberta that it once was. It isn't going away overnight either so we need to leverage it however we can, but the UCP continuing to throw all Alberta's eggs into the O&G basket while hamstringing our tech sector growth early in their tenure was an unforced error. You can also blame the Federal government for putting our futures into a single project that required another nation to play ball when we had an approved Northern Gateway and a promising Energy East pipeline that would have expanded our market reach. Staking our future on the KXL was a strategic error on the part both our Provincial and Federal governments.
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Is that true that its still being fought in courts? I will admit I have not followed closely. I have a friend who works for TC Energy on the Keystone project, and admittedly I haven't spoken to him directly since a Christmas party in early 2020, but he had mentioned to me that they had one final legal obstacle in Nebraska that they had pretty much closed off at the time of conversation and he expected it to be in their favour.
He mentioned that TC Energy really focused the last few years on trying to stay out of the limelight with the project to avoid the media and scrutiny that they associated the problems and delay with on the onset of the project. He felt it had been a successful strategy, and I assumed that the start of construction last year had meant that they had successfully alleviated any legal obstacles.