South Bow Boss Taking Lessons From Keystone XL as It Pursues New Cross-Border Project

Pipes meant for the defunct Keystone XL project are shown stacked at a yard in Gascoyne, N.D., on April 22, 2015. The Canadian Press/Alex Panetta

Spreading out risk among partners and customers will be key if South Bow Corp. goes ahead with the new Alberta-U.S. pipeline project it’s pitching to oilsands producers, its top executive said Friday.

That was one of the lessons the company drew from a past attempt to expand its cross-border system—the infamous Keystone XL proposal repeatedly killed and resurrected amid fervent environmental opposition.