Canada’s TC Energy drops Keystone pipeline after Biden rescinds permit

SourceArab News
SectorOil & Gas
CountryGulf

NEW YORK: Blocked by US President Joe Biden, Canada’s TC Energy said Wednesday it had officially terminated the Keystone XL Pipeline project, throwing in the towel on a controversial initiative opposed by environmental activists. TC Energy will coordinate with regulators, indigenous groups and other stakeholders “to meet its environmental and regulatory commitments and ensure a safe termination of and exit from the Project,” the company said in a press release, confirming that it had notified the government of the province of Alberta. Biden formally rescinded a permit for the pipeline, first proposed in 2008, by executive order on his first day in office in January 2021.

He had vowed during the presidential campaign to end the project over environmental concerns, a reversal of the stance taken by predecessor Donald Trump. While the project has long been backed by Canada, Keystone XL had been opposed by environmentalists and indigenous groups, who have organized rallies against the pipeline in Washington, Ottawa and...read more...