Keystone XL commits to become first pipeline to be fully powered by renewable energy - Seite 2

By implementing this initiative, Keystone XL will eliminate the impact of GHG emissions from the project’s operations. Additionally, Keystone XL will allow responsibly produced Canadian oil to be safely transported into the United States from many producers who have set their own net zero emissions goals. Canadian Oil Sands producers have cut emissions intensity by 21 percent in recent years and they are expected to fall another 27 percent by 2030.

Net zero emissions will be achieved when the pipeline is placed into service by purchasing renewable energy from electricity providers; if not available, Keystone XL will instead purchase renewable energy credits (REC) or carbon offsets. The company is committing that additional renewable sources along the pipeline’s route will be developed to power Keystone XL’s operations by 2030, phasing out any potential REC or carbon offsets and meeting power demand with new renewable electricity generation.

“At TC Energy, we are firmly committed to being part of the transition to the next generation of energy sources. Climate change is a serious issue and we have an important role to play in managing GHG emissions while balancing the need for safe, reliable and economic energy,” said François Poirier, President and Chief Executive Officer of TC Energy. “Today’s announcement is directly in line with our goal of doing what’s right for our communities and signifies Keystone XL’s commitment to strengthen efforts to create a sustainable future for all.”

Investment spurred in renewable power resources is expected to add to the more than $100 million of property taxes Keystone XL will generate annually for local governments along its route, supporting critical economic recovery and growth.

Keystone XL has changed considerably since it was originally conceived, and this project will serve as the gold standard for responsible and sustainable energy infrastructure development. In addition to its green initiatives, Keystone XL announced the signing of Indigenous communities as equity owners, and that the project will be constructed under a Project Labor Agreement, ensuring 100 percent of construction is done through union labor.

For information on Keystone XL and its green commitment, visit KeystoneXL.com. In addition, you can review TC Energy’s 2020 Report on Sustainability.

Additional Statements from Notable Organizations Regarding Today’s Announcement

• Canadian Building Trades Executive Director Sean Strickland: “At a time of economic uncertainty, this will create thousands of jobs on both sides of the border; creating opportunities for underrepresented groups, including Indigenous peoples all along the KXL route. At the Building Trades, we continue to invest in training for our members to work on new forms of renewable technologies, that create jobs while continuing to meet our energy needs. Our brothers and sisters in Alberta, Saskatchewan and throughout the US where KXL passes through will see positive benefits from this project.”