TC Energy ends 16 - year quest to build Keystone XL

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TC Energy ends 16 - year quest to build Keystone XL

TC Energy Corp. has ended its 16-year quest to build the Keystone XL oil pipeline, the controversial crossborder project that became a litmus test for climate activism and was blocked by President Joe Biden.

The Alberta-based TC Energy said in a statement that it had formally terminated the project after consultation with the government of Calgary in Canada. It had already withdrawn construction on the project earlier this year after Biden re-used a presidential permit for the project.

Keystone XL helped galvanize American climate activism by uniting environmentalists in a battle against the project some described as '' - toxic bomb. It also shifted the course of nuclear environmentalalism from its roots across the 1960s and 1970s from its foundations against toxic power, toxic waste and chemical toxins.

The decision caps a 10-year battle over the 1,200 mile pipeline, which would have ferried petroleum sands crude from Nebraska to Steele City, Alberta. The project had long been battered by the political winds in the U.S., having been first regenerated in 2017 by former President Barack Obama before ex-President Donald Trump challenged it in 2017.

On his first day in office the President Biden issued an executive order for Keystone XL to revoke the critical presidential permit for the sandstone.

The project became a lightning rod for environmentalists because it would provide an outlet for significant Canadian crude oil sands crude extracted by Alberta through especially energy-intensive processes. Activists said the resulting crude would have a higher carbon footprint and burning it would exacerbate global warming.

They organized a decade-long campaign against the project, with fights pitched in statehouses and federal courtrooms - and celebrity-protests from the Midwest to the White House.

'When the big oil fight began, people thought Big Oil couldn't be beat, says Bill McKibben, the founder of 350.org who led the first sit-ins with Keystone XL at the White House in 2011. At that time of rising up, we're even stronger than the richest fossil fuel companies.

Whole segments of the line have already been built, including one that crosses the U.S.-Canadian border.

Republicans immediately criticized the move, blaming Biden for the cancellation and contrasting the president's opposition to Keystone XL with his administration's approach to Nord Stream 2, a pipeline to transport natural gas from Germany to Russia. The Biden administration has suspended monitoring on Nord Stream 2 from the company last month.

The Montana Republican Steve Daines called it's 'devastating news for our economy, jobs, environment and national security '' and it is all President Biden's fault.

Biden, a Wyoming Republican, said John Barrasso's opposition to Keystone XL's threatened pipeline construction and gave 1,000 workers pink slips.

More stories like this are available on bloomberg.com and are being published there.

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