Canadian Developer Confirms Cancellation of Keystone XL Pipeline

TC Energy Corporation, the developer behind the Keystone XL Pipeline in Canada, confirmed the cancellation of the project this week. Construction activities to advance the project were suspended following an executive order by President Joe Biden on his first day in office. The company will continue to coordinate with regulators and stakeholders to meet its environmental and regulatory commitments and ensure a safe exit from the project. TC Energy’s CEO states, “We remain grateful to the many organizations that supported the project and would have shared in its benefits.” House Energy and Commerce Committee Energy Subcommittee Republican Leader Fred Upton, a Michigan Republican, states, “Now Keystone XL is officially dead and President Biden’s radical decision is proving to be disastrous for American workers and their families.” However, Environmental Natural Resources Defense Council spokesperson Anthony Swift says, “Keystone XL was a terrible idea from the start,” adding, “It‘s time to accelerate our transition to the clean energy sources that will power a prosperous future.”