TC Energy Terminates the Keystone XL Pipeline Project
On Wednesday, thirteen years after the initial proposal, TC Energy Corporation and its partner the Government of Alberta, announced the termination of the $9 billion Keystone XL Pipeline Project.
On January 20, his first day in office, President Biden revoked the pipeline’s permits, thereby reversing former President Trump’s approval of the line. The company said it would continue to coordinate with regulators, stakeholders and Indigenous groups to meet its environmental and regulatory commitments and ensure a safe exit from the project.
The Administration is under further pressure from environmentalists to shut down other pipelines like Enbridge Line 3 and the Dakota Access Line. House Energy and Commerce Committee Republicans have announced a forum to discussion the cancellation, which will include leaders of America’s Power; the Aluminum Association; and the American Action Forum.