Developer officially cancels Keystone XL pipeline project blocked by Biden
Government Affairs
On: June 15, 2021 | By:
June 9 (Reuters) - A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday.
Keystone XL, which was proposed in 2008 to bring oil from Canada's Western tar sands to U.S. refiners, was halted by owner TC Energy Corp (TRP.TO) after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project.
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