Developer of Keystone XL oil project abandons pipeline
TC Energy Corp announced they would cancel the Keystone XL pipeline Wednesday.
The move comes months after President Joe Biden revoked a key permit for the pipeline.
The move is a win for environmentalists who have opposed the project for a decade.
Environmentalists secured a win on Wednesday when Canada's TC Energy Corp and the Albertan provincial government announced they would cancel the controversial Keystone XL pipeline, more than a decade after it was first proposed.
The 1,200-mile line was an effort to carry more Canadian crude through the US, including Montana, South Dakota, to Steele City, Nebraska. The pipeline would have moved 35 million gallons of crude each day, connecting to other pipelines that feed refineries along the Gulf Coast, according to The Associated Press.
The project has been a point of contention among environmental activists and community groups for years.
The decision to abandon the project was expected after President Joe Biden revoked the pipeline's permit to cross into the US's northern border in January. Construction on the pipeline shut down that same day.
"We value the strong relationships we've built through the development of this Project and the experience we've gained," TC Energy President and CEO François Poirier said in a statement.
Read the original article on Business Insider