South Bow's Keystone XL Revival Plan Hinges on Trump Approval

A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada's crude exports to the U.S. by over 12% if it gets a green light from U.S. President Donald Trump and additional links to U.S. refining hubs are built.

The new proposal involves a different route through the U.S. than the previous Keystone XL pipeline project cancelled by former U.S. President Joe Biden in 2021 after years of Indigenous and environmental opposition.

South Bow, which was set up by former Keystone XL proponent TC Energy in 2024 to take over its oil pipeline business, is considering reviving some of the line that was already built in Alberta and already has all necessary Canadian permits.