Billings (US), June 10: The sponsor of the Keystone XL crude oil pipeline has said that it is pulling the plug on the contentious project after Canadian
Atmospheric concentrations of carbon dioxide hit an all-time high in May despite a dip in climate pollution during the pandemic.
Canadian Prime Minster Justin Trudeau objected to the move, but officials in Alberta, where the line originated, expressed disappointment in recent weeks that he didn’t lobby harder to reinstate the pipeline’s permit.
Alberta invested more than $1 billion in the project last year, kick-starting construction that had stalled amid determined opposition to the line from environmentalists and Native American tribes along its route.
Alberta officials said Wednesday that they reached an agreement with TC Energy, formerly known as TransCanada, to exit their partnership. The company and province plan to try to recoup the government’s investment, although neither offered any immediate details on how that would happen.
Developer pulls plug on Keystone XL oil pipeline Share Updated: 4:04 PM PDT Jun 9, 2021 By MATTHEW BROWN, Associated Press
Developer pulls plug on Keystone XL oil pipeline Share Updated: 4:04 PM PDT Jun 9, 2021
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Show Transcript PRESIDENT OF THE PETROLEUM ALLIANCE TO ASK HOW THIS WOULD IMPACT OUR STATE. IF THE BIDEN ADMINISTRATION FULFILLS HIS CAMPAIGN PROMISES, OKLAHOMA PRODUCES, OKLAHOMA MIDSTREAM ERRS AND REFINERS ARE IN FOR A VERY DIFFICULT AND CHALLENGING FEW YEARS. BROOKE SIMMONS IS THE PRESIDENT AND CEO OF PETROLEUM ALLIANCE WHO SEES BIG CHALLENGES AHEAD OF PRESENT ELECTORAL BY GOES THROUGH WITH SCRAPPING THE KEYSTONE PIPELINE PROJECT. WE ARE GOING TO SEE CONSUMER PRICES RISING, GASOLINE PRICES RISING. BECAUSE THERE WILL BE A LAST PRODUCTION, LESS TRANSPORTATION, MORE REGULATION THAT IS UNNECESSARY. THE NINE BILLY DONOVAN PIPELINE CARRIES 800,000 BARRELS OF CRUDE OIL FROM CANADA TO THE TEXAS GULF COAST. RIGHT TH
Matthew Brown
FILE - In this March 11, 2020, file photo provided by the Bureau of Land Management, shows the proposed route of the Keystone XL oil pipeline where it crosses into the United States from Canada in Phillips County, Mont. Calgary-based TC Energy, sponsor of the Keystone XL crude oil pipeline, said Wednesday, June 9, 2021, that it was pulling the plug on the contentious project after Canadian officials failed to convince President Joe Biden to reverse its cancellation of its permit on the day he took office. (Al Nash/Bureau of Land Management via AP, File) June 09, 2021 - 3:28 PM
BILLINGS, Mont. (AP) â The sponsor of the Keystone XL crude oil pipeline pulled the plug on the contentious project Wednesday after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office.