Alberta is unlikely to recoup much of its $1.5-billion loss on the Keystone XL pipeline by selling off unused pipe now that the Biden administration has pulled the plug on the megaproject.
At any rate, it's hard to believe much of the pipe will be good for anything but scrap after sitting outdoors exposed to the elements for more than five years since former U.S. president Barack Obama first cancelled the Keystone XL project in 2015.
Indeed, some of the pipe was purchased a decade ago, before Obama cancelled the project the first time, and has sat outside unused and deteriorating ever since.
