Keystone XL: What Trump’s focus on an oil pipeline says about Canada-U.S. trade
Trump said the pipeline could return in a Canada trade deal, but analysts say shifting oil markets and new projects make a revival unlikely.
- On Tuesday, President Donald Trump claimed the Keystone XL pipeline "may be awoken from the grave" as part of a trade deal with Canada, announcing a three-day postponement of $20 billion in tariffs to finalize negotiations.
- Initially proposed 20 years ago, the pipeline was cancelled in 2021 after President Joe Biden revoked its permit, though Trump has frequently expressed a desire to revive the project during his second term.
- Analysts remain skeptical of full revival, with Rory Johnston, founder of Commodity Context, saying it would be "completely out of the blue and make little immediate sense" given existing infrastructure alternatives and South Bow Corp.'s 550,000-barrel-a-day Prairie Connector project.
- Canadian officials offered no details on the pipeline's status in negotiations, though the integrated trade framework supplies one-fifth of the oil used daily by the United States, underscoring the relationship's strategic importance.
- South Bow expects a final investment decision on the Prairie Connector by mid-2027, while experts suggest President Trump's proposal reinforces U.S. energy security amid geopolitical tensions like conflicts in the Strait of Hormuz.
21 Articles
21 Articles
Here’s What Trump Revealed About the Keystone XL Pipeline - Patriot Newsfeed
President Donald Trump says the long-dead Keystone XL pipeline could be headed for an unexpected revival as the United States and Canada work to finalize a new trade agreement. Trump announced Tuesday night that he was temporarily suspending a 50 percent tariff on Canadian goods that had been scheduled to take effect Wednesday morning. The pause will last three days while officials finish work on the agreement. “I have paused the 50% Tariffs aga…
Here’s What Trump Revealed About The Keystone XL Pipeline
President Donald Trump suggested Tuesday that the long-debated Keystone XL pipeline could return as part of a broader trade agreement being negotiated between the United States and Canada.Trump made the comments while announcing a temporary pause on planned 50 percent tariffs against Canada. Those tariffs had been scheduled to take effect the following morning, but Trump said they would be delayed for three days while officials worked to finaliz…
Trump eyes Keystone XL revival
{beacon} Energy & Environment Energy & Environment The Big Story Trump says he wants to revive controversial pipeline President Trump indicated late Tuesday that a trade deal with Canada could involve a revival of the Keystone XL. © Dominika Zarzycka, NurPhoto via Getty Images “I have paused the 50% Tariffs against Canada, that were…
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