After more than a decade of protests and legal battles, the Keystone XL pipeline is no longer alive.
TC Energy Corporation announced on Tuesday that it had terminated the project “after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta.”
TC Energy said as recently as this past October that it had awarded $1.6 billion in contracts to six American pipeline construction companies.
After all, the pipeline was intended to move the worlds dirtiest oil across the U.S. quickly.
No matter how you look at it, Keystone XL would have been bad for wildlife, especially endangered species. Many imperiled species live along the proposed pipeline’s path and in areas where tar-sands oil is produced. If the pipeline were built, it would decimate habitat these species rely on.
drumpf was all for it, as long as he could get a piece of the action.
Biden canceled the pipeline’s border crossing permit in January over longstanding concerns that burning oil sands crude could make climate change worse and harder to reverse.
Environmentalists who had fought the project since it was first announced in 2008 said its cancellation marks a “landmark moment” in the effort to curb the use of fossil fuels.
I inherited a very small mineral rights stake in the Bakken oil fields in ND. Fracking is involved. The wells have been declared shut-in via force majeure due to it now being more expensive to extract the oil than the market will pay for it.