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Keystone XL Pipeline Developer Nixes Project

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A supply depot servicing the Keystone XL crude oil pipeline lies idle in Oyen, Alberta, Canada February 1, 2021. (Todd Korol/Reuters)

The Canadian company that developed the Keystone XL oil pipeline announced on Wednesday that it would abandon the project.

TC Energy, based in Calgary, Alberta, said construction of the pipeline ceased following President Biden’s revocation of a presidential permit in January 2021.

“TC Energy Corporation…confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project,” the company said in a statement.

The pipeline would have transported oil over 1,700 miles from Alberta to the Texas Gulf Coast, where the oil would be processed in refineries. Environmentalist groups have long fought construction of the pipeline, citing concerns over potential spills, and some Native American groups have opposed construction on or near tribal lands.

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