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Keystone Pipeline disabled after Biden sticks to permit | Business

Billings, Montana. (AP) — Keystone XL Crude Oil Pipeline Sponsor Plugs A Controversial Project on Wednesday After Canadian Authorities Could Not Persuade President Joe Biden to Withdraw Permit Revocation on Inauguration I pulled out.

Calgary-based TC Energy is working with a government agency “to ensure a safe end and exit” for a partially constructed line to transport crude oil from Oil Sandfield in western Canada to Steel City, Nebraska. Said to cooperate.

Construction of the 1,200-mile (1,930 km) pipeline began last year after former President Donald Trump revived a long-deferred project after a stagnation under the Obama administration. It moves up to 830,000 barrels (35 million gallons) of crude oil per day and connects it to other pipelines supplied to oil refineries in the US Gulf in Nebraska.

Biden canceled it in January due to long-standing concerns that burning oil sands crude would exacerbate climate change.

Canada’s Prime Minister Justin Trudeau was opposed to the move, but officials in Alberta, the birthplace of the line, said that Mr. Trudeau did not force Mr. Biden to regain pipeline permits. Expressed disappointment for several weeks.

Alberta invested more than $ 1 billion in the project last year, launching construction that was stagnant in the face of decisive opposition from environmentalists and Native American tribes along the route.

Alberta officials said Wednesday that they had reached an agreement to end the partnership with TC Energy, formerly known as Trans Canada. The company and the state are planning to regain government investment, but neither has given immediate details on how that happens.

“We are disappointed and dissatisfied with the situation surrounding the Keystone XL project, including the revocation of the presidential permit to cross the border of the pipeline,” Alberta’s Prime Minister Jason Kenny said in a statement.

The state wanted the pipeline to accelerate the development of oil sands and bring tens of billions of dollars in royalties over decades.

Climate change activists saw the expansion of oil sands development as an environmental disaster that could accelerate global warming by burning fuel. This turned Keystone into the starting point for the climate change controversy and became the focus of rallies and protests in Washington, DC and other cities.

Environmentalists who have opposed the project since it was first announced in 2008 have described the cancellation of the project as a “breakthrough moment” in efforts to curb fossil fuel use.

“A favorable counterattack against Keystone XL,” said Jared Margolis of the Biodiversity Center, one of the many environmental groups that have sought to stop it.

The Attorney General of 21 states has appealed to overturn Mr. Biden’s cancellation of the pipeline. Parliamentary Republicans have frequently talked about the withdrawal in criticism of the administration, even moderate Senate Democrats such as Senator John Tester in Montana and Joe Manchin in West Virginia. I urged Biden to reconsider.

The tester said in a statement Wednesday that he was disappointed at the end of the project, but did not mention Biden.

Senator John Barrasso of Wyoming, Republican leader of the Senate Energy Commission, was more direct: “President Biden killed the Keystone XL pipeline, thereby doing thousands of high-paying jobs in the United States. Killed”.

A White House spokeswoman asked for comment on TC Energy’s announcement, but did not respond immediately.

Copyright 2021 Associated Press. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.



Keystone Pipeline disabled after Biden sticks to permit | Business

Source link Keystone Pipeline disabled after Biden sticks to permit | Business

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