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TC Energy enlists Alberta to help finish US$8-billion Keystone XL project

Alberta Premier Jason Kenney says Alberta will invest $1.5 billion and give loan guarantees to help Calgary-based TC Energy Corp. build its US$8-billion Keystone XL Pipeline project. On Tuesday, he said the export pipeline will position the province to profit after the current economic malaise caused by the COVID-19 pandemic and price war between Russia and Saudi Arabia, and will generate a net return of more than $30 billion through royalties and higher prices for Alberta oil in the next 20 years.

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