Trump wants Keystone XL Pipeline revived but is there industry appetite for it? [Video]

U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration.

The declaration garnering an enthusiastic reception from Alberta and Saskatchewan’s premiers but a tepid one from the company spun off from its erstwhile proponent.

The pipeline was first proposed in 2008 to bring oil from the Alberta oil sands to U.S. refiners and was halted in 2021 by then-owner TC Energy Corp after former Democratic President Joe Biden revoked a key permit needed for a U.S. stretch of the project.

In a social media post on Monday, Trump urged the company that was building the pipeline to “come back to America,” saying his administration would offer easy approvals and an almost immediate start.

“The Trump Administration is very different (from the Biden administration) – easy approvals, …