TC Energy ( NYSE: TRP) said Tuesday its shareholders voted in favor of spinning off the company's North American liquids pipeline business, creating a new energy infrastructure firm called South Bow, whose assets include the Keystone oil pipeline.
Will the Keystone XL Pipeline run through Nebraska?
The Keystone XL Pipeline has been cleared to run through Nebraska, but TransCanada still has a lot of work to do. TRP earnings call for the period ending October 31, 2021.
What assets does Keystone oil company have?
The spinoff's assets consist of more than 3K miles of liquids pipelines that connect oil supply in Alberta and parts of the U.S. to refining markets in Illinois, Oklahoma and Texas, and its primary asset is the 622K bbl/day Keystone pipeline, a key export conduit for Canadian crude.
