Developer pulls the plug on Keystone XL oil pipeline - News Summed Up

Developer pulls the plug on Keystone XL oil pipeline


(CNN) The developer of the Keystone XL pipeline announced Wednesday it is pulling the plug on the controversial project after the Biden administration revoked its permit in January. The company said it would coordinate with regulators, stakeholders and Indigenous groups to ensure a safe exit from the project. The project aimed to carry oil from the tar sands of Canada into the United States, and it has been a political football for years. On his first day in the White House, President Joe Biden revoked the permit his predecessor granted to Keystone XL, and also moved to re-enter the United States in the Paris climate agreement. TC Energy warned at the time that the decision by Biden would "directly lead to the layoff of thousands of union workers."


Source: CNN June 09, 2021 21:28 UTC



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