The final cost to Albertans for the Keystone XL pipeline will be about $1.3 billion as the provincial government and TC Energy announced the official termination of the project Wednesday.
“We invested in Keystone XL because of the long-term economic benefits it would have provided Albertans and Canadians,” said Energy Minister Sonya Savage in a news release.
The Alberta government agreed last year to invest about $1.5 billion as equity in the project, plus billions more in loan guarantees in order to get the pipeline moving.
As a result, the Canadian leg of the project had been under construction for several months with around 1,000 workers
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