U.S. President Donald Trump issued a presidential permit on Wednesday granting the operator of the existing Keystone oil pipeline, TC Energy, the right to increase the maximum throughput capacity, while the Keystone XL project continues to face significant legal hurdles to starting construction. Under the permit, the limit to ship crude oil from Canada to the U.S. refineries via Keystone is being raised to 760,000 barrels per day (bpd), up from 590,000 bpd in a previous presidential permit, TC Energy’s spokesman Terry Cunha told Bloomberg via email. Alberta, the heart of Canada’s oil industry, which has been plagued by pipeline shortage for years, welcomed the increased maximum shipment capacity. “This decision sets the stage to significantly increase the capacity of the existing, base Keystone system – which carries Alberta crude oil from Hardisty to refineries in the U.S. Midwest and Gulf Coast. This is excellent news for Canada’s energy […]