A satellite image shows emergency crews working to clean up the crude oil spill along Mill Creek following the leak at the Keystone pipeline operated by TC Energy in Kansas. Article content TC Energy Corp. has a plan to unload an estimated $5 billion in assets this year, but following a 14,000-barrel spill on the company’s Keystone Pipeline last month — the third significant spill on the line in five years — the major cross-border pipeline is less likely to be among the assets on the chopping block and could be “unsaleable,” according to one analyst. Article content Keystone had been a rumoured target for divestiture since even before the Calgary-based company officially confirmed in November that it intended to sell unspecified individual assets or minority stakes valued at a total $5 billion in 2023 in order to slash debt and fund new projects. Article content Prior to the recent spill in Kansas, the potential sale of Keystone had been viewed favourably by analysts who argued that selling off TC Energy’s largest liquids pipeline would bolster the company’s balance sheet while providing a boost to its ESG targets. But the temporary shutdown of the pipeline on Dec. 7, after […]
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