NEW YORK: Blocked by US President Joe Biden, Canada’s TC Energy said Wednesday it had officially terminated the Keystone XL Pipeline project, throwing in the towel on a controversial initiative opposed by environmental activists. TC Energy will coordinate with regulators, indigenous groups and other stakeholders “to meet its environmental and regulatory commitments and ensure
Canadian Company TC Energy Drops Keystone Pipeline Project
06/09/21 AT 6:01 PM
Canada s TC Energy said Wednesday it has terminated the Keystone XL Pipeline project, throwing in the towel on a controversial initiative opposed by the Biden administration.
TC Energy notified the government of Alberta of its decision and will coordinate with regulators, indigenous groups and other stakeholders to meet its environmental and regulatory commitments and ensure a safe termination of and exit from the Project, the company said in a press release.
US President Joe Biden formally rescinded a permit for the pipeline by executive order on his first day in office in January.
Blocked by US President Joe Biden, Canada's TC Energy said Wednesday it had officially terminated the Keystone XL Pipeline project, throwing in the towel on a controversial initiative opposed by environmental activists.
Meat processor paid $11 million in ransom to hackers.
A billboard in Brazil for the meatpacking giant JBS. The chief executive said the decision to pay a ransom to hackers was “very difficult.”Credit.Paulo Whitaker/Reuters
The world’s largest meat processor said on Wednesday that it paid an $11 million ransom in Bitcoin to the hackers behind an attack that forced the shutdown last week of all the company’s U.S. beef plants and disrupted operations at poultry and pork plants.
The company, JBS, said in a statement that the decision to pay the ransom was made to protect its data and hedge against risk for its customers. The company said most of its facilities were back up and running when the payment was made.