BREAKING: TC Energy Corp has just announced it will proceed with construction on the Keystone XL oilsands pipeline project. The line would carry 830,000 barrels of crude from Alberta to the U.S. Midwest each day. A previous @CBCNews story on the project: cbc.ca/1.5494110
In an interview with the Financial Post, Alberta Premier Jason Kenney says TC Energy Corp will begin work as early as tomorrow. The newspaper says the province is making a preferred equity investment of about $1.1B US, enough to cover construction costs until the end of 2020.
Here's the news release from TC Energy Corp confirming the terms of the Keystone XL agreement between the oil company, formerly known as TransCanada Corporation, and the government of Alberta: #cdnecon 
The Alberta government's release says total investment includes 'up to' $1.5 billion in equity investment in 2020 followed by a $6-billion loan guarantee in 2021, and promises 'at least 6,800 direct and indirect jobs in Alberta and over 15,000 direct and indirect jobs in Canada.'
More @CBCNews: Construction of long-delayed Keystone XL pipeline to proceed after Alberta makes multibillion-dollar commitment to see the project through. cbc.ca/1.5515850
Federal government welcomes Alberta's commitment to financially backstop construction of Keystone XL pipeline. 'The project increases our market access - safely, responsibly, and sustainably - and fits within Canada’s climate plan,' Natural Resources minister says in statement.
