The Keystone XL pipeline project is officially terminated, the sponsor company announced Wednesday.
Calgary-based TC Energy is pulling the plug on the project after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office.
The company said it would work with government agencies “to ensure a safe termination of and exit from” the partially built line, which was to transport crude from the oil sand fields of western Canada to Steele City, Nebraska.
“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 François Poirier, TC Energy’s president and chief executive officer in a statement.
The pipeline has been front and center of the fight against climate change, especially in Indigenous communities. Native people have been speaking out, organizing, and in opposition of the project for several years.
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