6/9/2021

Keystone XL pipeline, during the construction phase

CALGARY — TC Energy Corporation confirmed that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project.

Construction activities to advance the project were suspended following the revocation of its Presidential Permit on January 20, 2021. The Company will continue to coordinate with regulators, stakeholders and Indigenous groups to meet its environmental and regulatory commitments and ensure a safe termination of and exit from the Project.

Following is a statement from TC Energy’s President and Chief Executive Officer, François Poirier:

“We value the strong relationships we’ve built through the development of this Project and the

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