The president signed an executive order to let Bridger Pipeline move ahead with a proposed project that would connect to parts of the defunct Keystone XL pipeline and carry Canadian heavy crude from the border to Wyoming. (The Logic)

Talking point: If it goes ahead, the Bridger line will follow a different route than Keystone XL, which was designed to move up to 830,000 barrels a day to the U.S. Gulf Coast. Keystone XL owner and TC Energy spinoff South Bow is developing a project on the Canada side of the former route. The South Bow project would transport crude from Hardisty, Alta., to the Canada-U.S. border, where it could feed into the Bridger line. It’s far from a done deal, though, said TD Securities analyst Aaron MacNeil. The president’s approval is a good indication that South Bow will make a final investment decision as early as this year, according to RBC Capital Market analyst Maurice Choy.