Posted: Feb 18, 2021 7:04 PM ET | Last Updated: February 19
U.S. President Joe Biden cancelled the Keystone XL pipeline permit on his first day in office.(Kyle Bakx/CBC)
TC Energy is considering selling steel and other spare equipment from its Keystone XL project as it continues to decide its next course of action on the failed pipeline proposal.
Almost one month after U.S. President Joe Biden pulled the permit for the project, Calgary-based TC Energy is still assessing its options and looking at how it will recoup expenses related to Keystone XL.
The company has laid off more than a thousand workers as construction was halted on the pipeline last month and it is now looking at selling its inventory of pipe and other materials.