TC Energy scraps Keystone XL pipeline
June 18, 2021
The 13-year saga of the Keystone XL pipeline came to a close yesterday when TC Energy, formerly TransCanada, announced that it is terminating the project.
Though the pipeline project has experienced multiple turns of fortune intersecting all three branches of the federal government and multiple state regulators since it was first proposed in 2008, President Joe Biden’s January reversal of the cross-border permit that had been issued by his predecessor is widely regarded as having sealed the project’s fate. If completed, the pipeline would have moved 830,000 barrels of crude oil per day...