Keystone XL Oil Project Abandoned by Developer
June 09 2021 - 05:12PM
Dow Jones News
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)
Copyright (c) 2021 Dow Jones & Company, Inc.
TC Energy (TSX:TRP)
Historical Stock Chart
From Feb 2024 to Mar 2024
TC Energy (TSX:TRP)
Historical Stock Chart
From Mar 2023 to Mar 2024