The controversial Keystone XL Pipeline Project has officially been terminated after more than a decade-long battle between the energy industry and environmentalists. The company behind the project, TC Energy, announced June 9 that after reviewing its options with the Government of Alberta, Canada, it decided to halt the project for good.
In January 2021, President Joe Biden suspended construction activities by revoking the project’s presidential permit. The company ultimately decided to pull the project permanently and said they will work to “ensure a safe termination of and exit from the project.”
The pipeline would have transported oil sands crude from Alberta to the Gulf Coast. The pipeline was controversial among environmental groups that alleged the oil requires more processing than other oils and produces more greenhouse gases. TC Energy said the project would have transported “much needed energy in an environmentally responsible way while enhancing North American energy security.”
“Through the process, we developed meaningful Indigenous equity opportunities and a first-of-its-kind, industry-leading plan to operate the pipeline with net-zero emissions throughout its lifecycle,” said TC Energy President and CEO François Poirier.
“We will continue to identify opportunities to apply this level of ingenuity across our business going forward, including our current evaluation of the potential to power existing U.S. assets with renewable energy.” — WLJ