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Keystone XL is dead, and Albertans are on the hook for $1.3B

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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. 

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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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