What happens to the $1.3 billion Alberta invested into cancelled Keystone XL pipeline?

Canada's TC Energy has cancelled the Keystone XL Pipeline expansion project, which would have added 19,000 kilometres to an existing pipeline, and carry Alberta crude oil to the the U.S. Gulf Coast.

Alberta Premier Jason Kenney’s government has invested $1.3 billion into the project, which tax payers in the province are left to pay.

An executive order by U.S. President Biden preceded the final blow to the pipeline, which was first proposed in 2008. Now, Kenney says the Biden Administration should pay up.

As Tom Vernon reports, the political fallout is hurting Kenney amid facing sinking approving ratings and allegations of breaking pandemic restrictions.

#GlobalNews

[dopeytripod]

THE GOVERNMENT MAKES US ACCOUNTABLE & RESPONSIBLE FOR EVERYTHING,
WHY DON'T WE MAKE THE GOVERNMENT ACCOUNTABLE?

[Coroy]

We are all screwed, our politicians and health officials have sold us all out.

[ebsy]

It's in the pocket of business men and Canadian politicians.

[TapthatZhopa]

Guess Global couldn’t find the pictures of them on the rooftop lounge.

[IAMAPIRL]

Imagine being against oil when 90% of what you buy is plastic. Oh well I guess no more cell phones or solar panels.

[adriennecatherinecooper]

Dictators do whatever they want we are living in a nightmare

[xFREERAVENx]

The amount of money they have wasted is above 1.3 billion.

[vincentn]

What happened to the money? Got flush down to the toilet of course.

[Wilshare]

Alberta took great pride in being rat free....I guess they misses a few

[hugodoucet]

I predict a rise in taxes ...brace yourselves poor people, they'll come get it back.

[snippycutwell]

Let's give more money to millionares

[catedrademocratica]

the premier should resign now; what a bad administration this has performed for albertans.

[lukehalmrast]

You Albertans out there might aswell Start a revolution and kick Jason Kenny out of office lol.

[lennybreau]

Well done on the 6 billion, lady!! No one else ever mentions the six billion or the two billion for cancellations.

[OVI-Wan-Kenobi-]

UCP essentially placed a $1.3 billion wager bet that Trump was going to get re-elected. Knowing how close U.S. elections tend to be, that was an extremely high risk wager to make, especially with public money.

[HemiJB]

All that money could've been used to help Alberta's from losing there homes and put towards more useful ways to help us.

[rockymountain]

Not only Alberta government invested in Keystone. Are all those companies invested in keystone are stupid? Every business has its risk and no one can guarantee each investment would succeed. Be fair!! How much money did Federal spend on trying to get a seat in UN?

[CHodgy]

Kenney's next job...Keystone board of directors!

[RhymeClops]

Where it was always intended..out of the publics hands and into greedy elites n royals

[sebastienloyer]

Life is a lemon and
I want my money back .
Let's take it from the pays of the MPs