The company rejects the controversial design of Keystone XL | Economy news

Critics hailed the announcement as a “victory” just months after US President Biden revoked the pipeline permit.

The company behind the controversial oil pipeline between Canada and the United States officially abandoned the project months after US President Biden revoke its permission,

In: announcement: On Wednesday, TC Energy said it had halted the Keystone XL project “after a thorough review of its options” in consultation with its partner, the government of Alberta, Canada’s western oil-rich state.

“The company will continue to coordinate with regulators, stakeholders and indigenous groups to meet its environmental regulatory obligations to ensure the safe termination and exit of the project,” TC Energy said.

Right Alberta Premier Government of Jason Kenny Last year, it invested C $ 1.5 billion ($ 1.1 billion) in the Keystone project, saying the pipeline was needed to support the county economy.

But the project stood still years of sharp opposition From Canada և US environmental groups, landowners և indigenous communities who claimed that threatening their land և water և would exacerbate the climate crisis.

In January, just hours after his inauguration, Biden fulfilled his campaign promise by revoking the chairmanship of a bill given by former President Donald Trump.

The 1947 km (1,210 miles) Keystone XL pipeline was to run from the Canadian province of Alberta to the US state of Nebraska, delivering 830,000 barrels of oil per day.

The Environmental Network, an advocacy group based in the United States, welcomed Wednesday’s announcement. “After more than 10 years, we have finally defeated the oil and gas giant. Keystone XL is DEAD! We dance in our hearts for this victory. ” The group tweeted.

“From Tar sands to Gulf ots. We worked hand in hand to protect the next seven generations of life, the water և our communities. This is not the end, but only the beginning of further victories. We know it in our hearts. ”

“We are hopeful that the Biden administration will continue to lead this country in the right direction, as opposed to fossil fuel projects that threaten our climate, our waters, and our dangerous wildlife. Good removal from Keystone XL. ” he said Ared Ared Margolis from the Center for Biodiversity in the United States.

The government of Canadian Prime Minister Just Astin Trudeau had supported the pipeline, but Trudeau said in January that he accepted Biden’s decision to rescind the bill.

Kenneth, Alberta’s prime minister, said in a statement on Wednesday that his government was “disappointed and disappointed by the circumstances surrounding the Keystone XL project, including the revocation of the Presidential Permit to Cross the Pipeline.”

“With that said, Alberta will continue to play an important role in a reliable, affordable North American energy system. We will work with our US partners to ensure that through the responsible development and transportation of our resources, we can meet US energy needs. ”

The announcement states that the Alberta government will provide $ 1.3 billion ($ 1.07 billion) for the project.

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