By Timothy Puko 

Canada's TC Energy Corp. and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a decadelong controversy over an effort to pipe more Canadian crude into the U.S.

The decision has been expected after President Biden used his first day in office to revoke a key permit for the pipeline to cross the country's northern border, shutting down construction.

It is nonetheless a win for environmentalists who have campaigned to block new pipeline construction as a way to limit oil consumption that contributes to global warming.

(More to come.)

Write to Timothy Puko at tim.puko@wsj.com

 

(END) Dow Jones Newswires

June 09, 2021 17:08 ET (21:08 GMT)

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