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The operator of the Keystone pipeline has agreed to pay a $26.9 million penalty for an oil spill that occurred in Kansas. This settlement addresses the environmental damage caused by the incident.
South Bow, the owner of the Keystone pipeline, will pay a $26.8 million penalty for a 2022 oil spill in Kansas. The U.S. Justice Department reached a deal with the company regarding the incident.
Shares of South Bow (SOBO) have seen gains following news regarding the revival of the Keystone Pipeline, indicating positive market reaction to the development.