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Home › Dodgy Deals ›
Dodgy Deal
TC EnergyCanada

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2020-09-01 00:00:00
Oil pumping station for TransCanada's Keystone XL Pipeline. Photo: Wikimedia CC License shannonpatrick17

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2020-09-01 00:00:00
Why this profile?

Why this profile?

TC Energy (formerly TransCanada Corporation) is a Canadian oil and gas pipeline company. It operates nearly 100,000 kilometers of gas pipelines and 4,900 kilometers of oil pipelines, and is currently working to expand pipeline capacity with its embattled Keystone XL pipeline, which is completely incompatible with the goals of the Paris Agreement. With its current Keystone pipeline leaking substantially more oil than the company anticipated before its construction, TC Energy is responsible for severe environmental pollution in North America. TC Energy is also the company behind the Coastal GasLink pipeline currently under construction in British Columbia, Canada. Not only does TC Energy violate Indigenous rights through the construction of this pipeline, it enables a worsening of the climate crisis.

About
Sectors Pipeline Transportation of Crude Oil, Pipeline Transportation of Natural Gas
Headquarters
Ownership
listed on NYSE & Toronto Stock Exchange

An overview of TC Energy's shareholder structure can be accessed here.

Subsidiaries

TC Energy, formerly the TransCanada Corporation and founded in 1951, is a Canadian energy company, based in Calgary, Alberta, developing and operating energy infrastructure in North America. Its pipeline network includes approximately 3,460 kilometers (2,150 miles) of oil pipeline, plus approximately 57,000 kilometers (35,418 miles) of wholly owned and 11,500 kilometers (7,146 miles) of partially owned gas pipeline that connects with all major gas supply basins in North America. TC Energy is one of the continent’s largest providers of gas storage and related services with approximately 407 billion cubic feet of storage capacity.

TC Energy also controls approximately 11,800 megawatts of power generation through various power plants in Canada and the United States. A major acquisition in 2016 was the Columbia Pipeline Group at USD 13 billion.

Impacts

Social and human rights impacts

The social impacts of TC Energy's Keystone XL Pipeline concern mostly the surrounding local communities (both indigenous and non-indigenous). These implications range from health issues, destruction of local environment, contamination of water, implications on farm production and possible destruction on local indigenous artefacts.

The Keystone XL Pipeline will have major consequences for the human rights of Indigenous people. The Rosebud Sioux, also known as the Sicangu Lakota, reside on a reservation that includes all of Todd County, South Dakota, and additional lands in the four adjacent. Poverty, high unemployment, substandard education and healthcare are all major issues these communities face. Choosing to live on reservations, therefore, can be a powerful statement of sovereignty. To some, it is an act of self-determination intended to stand against centuries of forced-assimilation policies which stripped land, resources and even children from tribal communities.

Keystone XL has brought this hard-won spirit of sovereignty under threat. The plan to expand an existing oil pipeline system, linking oil-rich tar sands in the Canadian province of Alberta with refineries and distributors across the US, would essentially bisect South Dakota, cutting straight through Rosebud Sioux tribal land. Read the full article here.


Environmental and climate impacts

Regarding the Keystone XL Pipeline there are major concerns for the environment, from the original stages of production, to the processing and transportation of the oil. TC Energy put “substandard materials” — made by Quebec manufacturing company, Ezeflow — in an Alberta natural gas pipeline that blew up in 2013, Canada’s pipeline regulator said on February 5 2016 as it finally responded to a four-year old warning from a whistleblower with a new industry-wide safety order (source the National Observer).

A July 2017 Greenpeace report concluded: oil spills anywhere pose serious risks to human health and the environment, and oil spilled into bodies of water is difficult to fully clean up. Diluted bitumen transported from Canada’s tar sands fields represents a particular threat to water resources along the routes of proposed pipelines.

Financiers

In 2022 ten banks financed TC Energy via lending and underwriting totalling USD 2.27 billion. See below for more details on banks involved.

From 2016 - 2021 financial institutions have provided TC Energy with the following finance:

  • Twenty-one financial institutions provided USD 5 billion in revolving credit to its pipeline business in three loans from December 2016. JP Morgan Chase and Bank of Montreal are the lead banks arranging the credit (source www.ran.org);
  • Five banks have provided TC Energy USA (Financial statements 2017, p. 145) with a USD 1 billion credit facility maturing on Dec 14 2018, led by JPMorgan Chase and Bank of Montreal;
  • Nineteen financial institutions have provided TC Energy American Investment (Financial statements 2017, p. 145) with a USD 500 million credit facility maturing on Dec 14 2018, led by JPMorgan Chase, Bank of Montreal and MUFG;
  • In April 2020 TransCanada Pipelines issued two bonds: a USD 2 billion (maturing in April 2027) and a USD 1.25 billion (maturing in April 2030). See below for more details;
  • Banks have financed TransCanada Pipelines with three syndicated corporate loans: a CAD 3 billion (Dec 2005 - Dec 2024), a USD 1 billion (Dec 2018 - Dec 2022) and a USD 4.5 billion (Dec 2018 - Dec 2021). See below for more details;
  • RBC (9.09%), BMO (4.71%) and TD Bank (2.71%) own via subsidiaries shares of TC Energy. See below for more details.
Institution type
Finance type
Year
Projects
There are no active project profiles for TC Energy now.

Coastal GasLink pipeline

Canada
Project
On record
Pipeline Transportation of Natural Gas

Coastal GasLink pipeline

Canada

Canadian tar sands

Canada
Project
On record
Oil and Gas Extraction

Canadian tar sands

Canada

Keystone XL pipeline

United States
Project
On record
Pipeline Transportation of Crude Oil

Keystone XL pipeline

United States
Governance
Norms & standards
Other regulations

Applicable norms and standards

Carbon Disclosure Project
United Nations Declaration on the Rights of Indigenous Peoples

TransCanada's webpage on Corporate Social Responsibility can be viewed here.

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Canada’s RBC Struggles to Go Green While Financing Oil

Royal Bank of Canada’s travails show the fine line banks must walk in shifting toward a lower-carbon future.
2024-04-03 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

TC Energy sees higher costs for troubled Coastal GasLink pipeline

2022-11-29 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

TC Energy warns Coastal GasLink pipeline dispute could impact construction

2021-07-29 | Calgary | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Company behind Keystone XL seeks $15B in damages from US

2021-07-04 | The Hill
BankTrack news BankTrack blog Partner news Partner blog

Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
BankTrack news BankTrack blog Partner news Partner blog

Developer officially cancels Keystone XL pipeline project blocked by Biden

2021-06-10 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Oil Change International responds to TC Energy abandoning Keystone XL

2021-06-09 | Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase 2030 climate targets a “fig leaf for fossil fuel expansion,” says Rainforest Action Network

2021-05-13 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

TC Pipeline Expansions to Increase Western Canada Natural Gas Exports to U.S.

Capacity additions underway in annual stages on three TC Energy Corp. pipeline subsidiaries are set to increase Canadian natural gas exports to California, Nevada, Oregon and Washington during 2022 and 2023.
2021-04-15 | Natural Gas Intelligence
BankTrack news BankTrack blog Partner news Partner blog

Cancelled Annova LNG Export Project Signals Potential Headwinds for U.S. FIDs

The sponsors of the planned Annova liquefied natural gas (LNG) export project in South Texas have called quits on the development, citing changes in the global market.
2021-03-23 | Natural Gas Intelligence
BankTrack news BankTrack blog Partner news Partner blog

Plans for Annova LNG Fracked Gas Export Terminal Ditched

2021-03-22 | Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

TC Energy considers selling steel among next steps after Keystone XL cancellation

Company expects 'substantive' charge after U.S. permit pulled for proposed pipeline
2021-02-19 | CBC
BankTrack news BankTrack blog Partner news Partner blog

Enbridge raises Line 3 replacement cost estimate by $1.1 billion

2021-02-12 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Biden kills Keystone XL permit, again

The decision came despite pleas to Biden from multiple Canadian government officials to give them time to make their case.
2021-01-20 | Politico
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biden revokes Keystone XL, Indigenous leaders celebrate and push for stronger action

2021-01-20 | Bemidji, United States | Indigenous Environmental Network
BankTrack news BankTrack blog Partner news Partner blog

Joe Biden plans to block Keystone XL pipeline as one of first acts in White House

2021-01-17 | The Globe and Mail
BankTrack news BankTrack blog Partner news Partner blog

TC Energy Selects Precision Pipeline to Help Construct Keystone XL Pipeline

2021-01-07 | NA Pipelines
BankTrack news BankTrack blog Partner news Partner blog

TC Testing Interest to Expand Oil Capacity on Keystone XL

2021-01-07 | Natural Gas Intel
BankTrack news BankTrack blog Partner news Partner blog

TC Energy invites bids for Keystone pipeline capacity as Keystone XL plans advance

2021-01-06 | Global News
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?

How the year's 'Paris-alignment' moves stack up against the measures needed to tackle the climate crisis
2020-12-12 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Coastal GasLink meter station nears completion in Kitimat

2020-12-07 | Northern Sentinel
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

Federal Court Upholds Keystone XL Border-Crossing Permit — For Now

2020-10-22 | Natural Gas Intel
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Women Leaders warn global financial companies to stop support for tar sands oil

With key financial decision points looming on the Keystone XL, Line 3, and Trans Mountain pipelines, an open letter calls for policies respecting Indigenous rights and ruling out tar sands
2020-10-19 | First Peoples Worldwide, Giniw Collective, Honor the Earth, Indigenous Climate Action, Indigenous Environmental Network, Tiny House Warriors, Unist
BankTrack news BankTrack blog Partner news Partner blog

TC Energy warned that construction of Keystone XL poses unlawful harm to endangered species

Conservation groups filed a supplemental notice letter today warning TC Energy that construction of the Keystone XL pipeline must not continue while analysis of the harm to imperiled wildlife remains incomplete.
2020-08-25 | San Francisco | Center for Biological Diversity
Blog
BankTrack news BankTrack blog Partner news Partner blog

Pipe Dreams: why Canada’s proposed pipelines don’t fit in a low carbon world

Carbon Tracker’s modelling shows no new oil sands are needed in a low carbon world
2020-07-23 | Carbon Tracker Initiative, Carbon Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citigroup announces new coal and Arctic drilling policy; Climate advocates respond

2020-04-21 | San Francisco | BankTrack, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

‘A dangerous road’: Coastal GasLink pays to kill wolves in endangered caribou habitat in B.C. interior

2020-04-13 | The Narwhal
Blog
BankTrack news BankTrack blog Partner news Partner blog

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Conservation, environmental and landowners’ groups argue in Federal Court Keystone XL Pipeline approval by Trump administration was illegal

Approval violated the National Environmental Policy Act, Clean Water Act, & Endangered Species Act
2020-03-06 | Great Falls, MT | Bold Alliance, Friends of the Earth US, Natural Resources Defense Council, Northern Plains Resource Council, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Understanding the Wet'suwet'en struggle in Canada

2020-03-02 | Al Jazeera
BankTrack news BankTrack blog Partner news Partner blog

Who’s banking the Coastal GasLink pipeline?

2020-02-19 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

How indigenous Mexicans took on big energy and won

2019-08-12 | Thenation.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who’s banking the Coastal GasLink pipeline?

These banks are funding a threat to Wet'suwet'en land and abuse of Indigenous rights
2019-01-24 | San Francisco, USA | Elana Sulakshana - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays’ energy policy review: ‘Half measures’ not good enough, says BankTrack

2019-01-15 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Order to stop Keystone XL construction shows urgent need to get Canadian oil to new markets, energy group says

2018-11-10 | CBC News
BankTrack news BankTrack blog Partner news Partner blog

Press Release: Northern Plains Resource Council Wins KXL Lawsuit

2018-11-08 | Northernplains.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous, environmental and climate justice groups rally outside Equator Principles meeting

Despite global standards, world's biggest banks continue to fund environmentally damaging projects that disregard Indigenous communities’ rights to Free, Prior and Informed Consent
2018-10-17 | Washington, D.C. | BankTrack, Greenpeace USA, Honor the Earth, Market Forces, Rainforest Action Network, Sierra Club, WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase, Wells Fargo and Crédit Agricole warned not to finance tar sands pipeline companies

Bank clients Enbridge and TransCanada have failed to secure Free, Prior and Informed Consent of Indigenous communities
2018-10-09 | San Francisco, USA | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Iowans Hold Wells Fargo Accountable for Funding Dirty Fuels and Pipelines

2018-04-26 | United States | Ben Cushing, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

AGM briefing: Switzerland's per capita financing of fossil fuels worst in Europe, thanks to Credit Suisse and UBS

2018-04-25 | BankTrack, Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Pipeline Spill in South Dakota Twice as Big as First Thought

2018-04-07 | Voanews.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

In advance of TransCanada earnings call, Greenpeace and groups release Investor Briefing on Keystone XL obstacles

2018-02-14 | Washington, D.C. | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase and Wells Fargo Double Down on Support for Dirty Tar Sands Pipelines

2017-12-18 | San Francisco | Greenpeace, Rainforest Action Network, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Keystone pipeline leaks estimated 210,000 gallons of oil in South Dakota

2017-11-17 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

TransCanada ends bid to build Energy East Oil Pipeline

2017-10-05 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

150,000 People Representing more than $4 Billion Call on Banks to Defund Tar Sands Pipelines

2017-06-28 | Washington, DC | Divestinvest, Mazaska Talks
BankTrack news BankTrack blog Partner news Partner blog

Sweden’s Largest Pension Divests From Paris Accord Violators, Including ExxonMobil & TransCanada

2017-06-19 | CleanTechnica
BankTrack news BankTrack blog Partner news Partner blog

Indigenous leaders sign opposition to Keystone XL in Calgary

2017-05-17 | CBC News Calgary
BankTrack news BankTrack blog Partner news Partner blog

Leaving Scars: TransCanada Took Their Land for the Keystone XL Pipeline

2017-05-16 | HoustonPress
BankTrack news BankTrack blog Partner news Partner blog

Coalition Disrupts JPMorgan Chase Shareholders Meeting: Demand they Defund Tar Sands

2017-05-16 | Last Real Indian
BankTrack news BankTrack blog Partner news Partner blog

U.S. Bank Becomes First Major Bank to Stop Financing Pipeline Construction

2017-05-15 | EcoWatch / 350.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
BankTrack news BankTrack blog Partner news Partner blog

What Is the Keystone Pipeline?

How a single pipeline project became the epicenter of an enormous environmental battle
2017-04-07 | NRDC
BankTrack news BankTrack blog Partner news Partner blog

What’s Next for the Keystone XL Pipeline

2017-03-27 | The Atlantic
BankTrack news BankTrack blog Partner news Partner blog

Donald Trump approves Keystone XL but investors remain skeptical pipeline will be built

2017-03-24 | Calgary | Global News
BankTrack news BankTrack blog Partner news Partner blog

Oil Sands and the Environment, why Keystone Counts

2017-03-24 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

TransCanada Receives Presidential Permit for Keystone XL

(TransCanada press release)
2017-03-24 | Houston, Texas and Calgary, Alberta | TransCanada
BankTrack news BankTrack blog Partner news Partner blog

Dakota Access fight goes to Keystone XL

2017-03-24 | The Bismarck Tribune
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

TransCanada Corp. seeks natural gas pipeline approval linked to Petronas LNG project

2017-03-20 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Canada lent billions to oil, gas and mining companies. Then it made a profit

2016-06-16 | National Observer
BankTrack news BankTrack blog Partner news Partner blog

TransCanada doesn’t know how to send tons of oil under these major Canadian rivers

2016-05-20 | National Observer
Resources
Documents
Links
2021-05-13 00:00:00

A fig leaf for fossil fuel expansion

Assessing JPMorgan Chase's 2030 climate targets
NGO document
2021-05-13 00:00:00 | RAN
2021-04-14 00:00:00

Gendered and Racial Impacts of the Fossil Fuel Industry in North America and Complicit Financial Institutions

A Call to Action for the Health of our Communities and Nature in the Climate Crisis
NGO document
2021-04-14 00:00:00 | WECAN
2020-12-08 00:00:00

Who's banking Line 3 and Keystone XL

Tar sands pipelines being rammed through in a pandemic
NGO document
2020-12-08 00:00:00 | Rainforest Action Network
2020-10-19 00:00:00

Letter from Coalition of Indigenous women and organizations to a group of 70 banks on Tar sands financing

Correspondence
2020-10-19 00:00:00 | Coalition of Indigenous women and organizations
2020-10-31 00:00:00

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-09-01 00:00:00

Annual report 2019

Annual report
2020-09-01 00:00:00 | TC Energy
2019-06-24 00:00:00

Report on sustainability and climate change

Company document
2019-06-24 00:00:00 | TC Energy
2019-01-23 00:00:00

Who's banking the Coastal Gaslink pipeline?

NGO document
2019-01-23 00:00:00 | Rainforest Action Network
2018-08-02 00:00:00

Four Proposed Tar Sands Oil Pipelines Pose A Threat To Water Resources

NGO document
2018-08-02 00:00:00 | Greenpeace USA
2018-02-14 00:00:00

Financial statements 2017

Company document
2018-02-14 00:00:00 | TransCanada
2018-04-25 00:00:00

Swiss Banks in the End of the Fossil Fuel Age

BankTrack publication
2018-04-25 00:00:00 | Greenpeace, BankTrack
2017-09-25 00:00:00

Letter from Treaty Alliance against Tar Sands Expansion, Rainforest Action Network et al to JPMorgan Chase on Ending finance for tar sands oil

Correspondence
2017-09-25 00:00:00 | Treaty Alliance against Tar Sands Expansion, Rainforest Action Network et al
2017-09-20 00:00:00

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

NGO document
2017-09-20 00:00:00 | Greenpeace
2017-07-31 00:00:00

Four Proposed Tar Sands Oil Pipelines Pose a Threat to Water Resources

Greenpeace July 2017 report
NGO document
2017-07-31 00:00:00 | Greenpeace
2013-10-17 00:00:00

Pipeline Investigation Report P13H0107

Other document
2013-10-17 00:00:00 | Transportation Safety Board of Canada
2016-03-31 00:00:00

CSR report 2015

Annual report
2016-03-31 00:00:00 | TransCanada
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | TransCanada
2016-03-31 00:00:00

Annual report 2015

Company document
2016-03-31 00:00:00 | TransCanada
2017-04-04 00:00:00

TransCanada corporate profile

(april 2017)
Company document
2017-04-04 00:00:00 | TransCanada

Tell big banks: On December 15, say no to the Keystone XL pipeline!

RAN campaign webpage

A timeline of the Keystone XL oil pipeline

Updates

2020

2020-04-16 00:00:00 | Major blow to Keystone XL pipeline as judge revokes key permit

The controversial Keystone XL tar sands pipeline has been dealt a major setback, after a judge revoked a key permit issued by the US army corps of engineers without properly assessing the impact on endangered species. In a legal challenge brought by a coalition of environmental groups, a federal judge in Montana ordered the army corps to suspend all filling and dredging activities until it conducts formal consultations compliant with the Endangered Species Act. The ruling revokes the water-crossing permit needed to complete construction of the pipeline, and is expected to cause major delays to the divisive project.

2020-03-31 00:00:00 | TC Energy Keystone XL pipeline moves forward after Alberta commits $1.1 billion, shares rise

TC Energy Corp on Tuesday said it would proceed with its $8 billion Keystone XL pipeline with financial backing from the oil-rich province of Alberta, pushing the long-delayed project forward amid a global oil market collapse. With pre-construction activities underway, TC Energy expects the pipeline to enter service in 2023.

2019

2019-08-23 00:00:00 | Keystone XL pipeline set to go ahead as court lifts last major hurdle

Nebraska’s highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer to reapply for state approval. The pipeline faces intense resistance from environmental groups, Native American tribes and some landowners along the route who worry about its long-term impact on their groundwater and property rights. But in Nebraska, many affected landowners have accepted the project and are eager to collect payments from the company. The Nebraska supreme court upheld the decision of regulators who voted in November 2017 to green-light a route through the state. The court’s decision was a victory for the $8bn project, which has been mired in lawsuits and regulatory hearings since it was proposed in 2008.

2019-07-01 00:00:00 | 'Trump Is Not Above the Law': New Lawsuit Aims to Defeat Keystone XL

As climate scientists on Monday issued a fresh warning about the devastating consequences of continuing to burn and extract fossil fuels, national green groups filed a new federal lawsuit targeting the Trump administration's efforts to force through the long-delayed Keystone XL crude oil pipeline. The lawsuit was filed in the U.S. District Court for the District of Montana, the same court that halted construction on the dirty energy project last year, ruling that the administration hadn't adequately considered the consequences of the pipeline when approving it. In response, President Donald Trump revoked the initial permit and issued a new one in March. The NRDC and CBD joined with Sierra Club, Friends of the Earth, Bold Alliance, and Northern Plains Resource Council in launching the new legal battle, which specifically challenges the Army Corps of Engineers' approval of the pipeline that would transport up to 830,000 barrels of crude oil daily across nearly 1,200 miles from Canada's Alberta tar sands to Steele City, Nebraska.

2019-03-29 00:00:00 | Trump doubles down on Keystone Oil Pipeline with new Permit

President Donald Trump issued a new permit for TransCanada's controversial Keystone XL pipeline Friday, circumventing a court ruling that blocked a previous authorization by his State Department.

The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a person familiar with the matter. It could pave the way for beginning some preliminary work, according to Clearview Energy Partners.

2018

2018-11-08 00:00:00 | Northern Plains Resource Council Wins Keystone XL Lawsuit

Judge Brian Morris levied what could be the final blow to TransCanada’s would-be Keystone XL tar sands pipeline, vacating the 2017 record of decision by President Trump to issue the Presidential Permit for the project. Judge Morris ruled that The State Department’s analysis of the following issues fell short of a “hard look” and requires a supplement to the 2014 SEIS in order to comply with its obligations under the National Environmental Policy Act (NEPA). The Court enjoins prohibits TransCanada from engaging in any activity in furtherance of the construction or operation of Keystone and associated facilities until the Department of State has completed a supplement to the 2014 Environmental Impact Statement that complies with the requirements of the National Environmental Policy Act and Administrative Procedure Act. Read more here.

2018-08-16 00:00:00 | Keystone XL Pipeline Sent Back for New Environmental Review

The U.S. State Department must conduct a new environmental review for the Keystone XL crude pipeline, a federal judge ruled. U.S. District Court Judge Brian Morris in Montana sided with indigenous and environmental groups in ruling Wednesday that a revised Keystone route is “interdependent” on the larger pipeline project and requires one environmental review (Bloomberg).

2017

2017-11-21 00:00:00 | Nebraska commission approves Keystone XL route

The Keystone XL pipeline passed a major hurdle on Monday after Nebraska regulators approved the route for the project, which faced opposition from environmentalists and the Obama administration. The Nebraska Public Service Commission voted 3 to 2 to approve TransCanada's route for Nebraska's portion of the nearly 1,200-mile pipeline. However, the future of the project is still subject to the outcome of a likely legal battle (CNBC).

2017-10-05 00:00:00 | TransCanada Announces Termination of Energy East Pipeline and Eastern Mainline Projects

October 5 2017, TransCanada announced that it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. Following is a statement from TransCanada President and CEO Russ Girling: "After careful review of changed circumstances, we will be informing the National Energy Board that we will no longer be proceeding with our Energy East and Eastern Mainline applications. TransCanada will also notify Quebec’s Ministère du Developpement durable, de l’Environnement, et Lutte contre les changements climatiques that it is withdrawing the Energy East project from the environmental review process."

2017-03-30 00:00:00 | Environmental groups sue Trump administration for approving Keystone pipeline

Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corp’s controversial Keystone XL crude oil pipeline. In two separate filings to a federal court in Montana, environmental groups argued that the U.S. State Department, which granted the permit needed for the pipeline to cross the Canadian border, relied on an “outdated and incomplete environmental impact statement” when making its decision earlier this month.

2017-03-24 00:00:00 | President Trump approves construction of Keystone XL pipeline

President Donald Trump has approved the construction of the Keystone XL pipeline linking Canadian oil sands to U.S. refiners, a project blocked by former President Barack Obama. TransCanada said earlier in the day the U.S. Department of State had issued a presidential permit for the project (source CNBC).

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