TC Energy says combination of factors caused Keystone pipeline leak - BNN Bloomberg

TC Energy Corp. has pegged the cost of cleanup and remediation of December's oil spill from its Keystone pipeline at an estimated US$480 million.

The Keystone pipeline system suffered the worst oil spill in its history on Dec. 7, 2022 when oil leaked into a creek in Washington County, Kansas.

On Thursday, the company put a price tag on the event for the first time, saying it is working with its insurers to maximize cost recoveries. It said the weld flaw led to a crack that grew over time as a result of bending stress fatigue, leading to the leak. The cause of the bending stress remains under investigation.

Pipelines are widely considered by experts to be a safer mode of crude transport than either rail or truck. Still, the risk of a spill has long been a factor cited by environmentalists and others who have opposed North American pipeline construction projects in recent years.

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