KXL Pipeline Revival Brings New Hope to Alberta's Oil Industry

The Keystone XL pipeline project was thought to be dead after President Joe Biden revoked its permit in 2021. However, it appears that a new version of the project is rising from the ashes.

Bridger Pipeline LLC has been awarded a presidential permit by President Donald Trump to develop a cross-border pipeline project using pre-existing infrastructure originally built for KXL. The new pipeline would have a capacity of about one million barrels per day and would initially carry 500,000 barrels per day.

The Canadian side of the project is being developed by South Bow Corporation, which owns the assets from the original KXL project. They are building a pipeline called the Prairie Connector, which would move oil from Hardisty to the Canada-U.S. border where it could connect to Bridger's project.

The resurrection of the Keystone XL pipeline is seen as a positive development for Alberta and Canada. The province still has a product it wants to sell to U.S. refiners, and those refiners are still eager to buy.