Keystone XL developer to pull the plug on pipeline

[Geee]

Washington Examiner

TC Energy, the developer of the long-contested Keystone XL oil pipeline, is pulling the plug on the project, the company is poised to announce, according to a person familiar with the situation.

The decision by the Canadian company to cancel the $8 billion project comes after President Joe Biden canceled a permit for the 2,000-mile pipeline that would have delivered crude from Canada's Alberta oil sands to refineries on the Gulf Coast.

The move, part of a day-one climate change executive order, drew backlash from Republican lawmakers and even some Democrats who said the cancellation would kill thousands of construction jobs.