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The Keystone XL pipeline was discontinued after Biden got permission | News

Billings, Montana. — On Wednesday, sponsors of the Keystone XL Crude Oil Pipeline unplugged a controversial project because Canadian authorities could not convince President Joe Biden to revoke the permit on his inauguration date.

Calgary-based TC Energy says it will work with government agencies “to ensure a safe end and exit” from a partially constructed line that transports crude oil from oil sandsfields in western Canada to Steel City, Nebraska. It was.

Construction of the 1,200-mile pipeline began last year after former President Donald Trump revived a long-delayed project after a stagnation under the Obama administration. It would have moved up to 35 million gallons of crude oil daily, connecting to other pipelines supplying oil refineries in the US Gulf in Nebraska.

Biden revoked the pipeline’s border crossing permit in January because of long-standing concerns that burning oil sands could exacerbate climate change and make reversal difficult.

Canada’s Prime Minister Justin Trudeau opposed the move, increasing tensions between the United States and Canada. Alberta officials, who started the line, have expressed dissatisfaction with Trudeau’s failure to push Biden harder to regain pipeline permits in recent 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 with TC Energy, formerly known as Trans Canada, to end its partnership. The company and the state are planning to regain government investment, but neither has given immediate details on how that happens.

“I’m disappointed and dissatisfied with the situation surrounding the Keystone XL project, including the revocation of the president’s permission 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.

At the Fort Belknap settlement in Montana, tribal president Andywork Jr. ends Keystone as a relief to Native Americans who confronted the line breaks, fearing they could pollute the Missouri River and other waterways. explained.

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. Biden said in a cancellation order on January 20 that allowing the route to proceed “would not be in line with the economic and climatic demands of my administration.”

TC Energy said in a pipeline cancellation, the company is focusing on responding to “evolving energy demand” as the world moves to a variety of power sources. Other projects under development have $ 7 billion.

Keystone XL price tags swelled as the project slumped, rising from $ 5.4 billion to $ 9 billion. Meanwhile, oil prices have fallen sharply, dropping from more than $ 100 a barrel in 2008 to less than $ 70 in recent months, delaying Canada’s oil sands development and consuming profits by moving fuel to refineries. I was afraid.

The second TC Energy pipeline network, simply known as Keystone, has been delivering crude oil from Canada’s oil sands region since 2010. The company’s website states that Keystone has moved more than 3 billion barrels of crude oil from Alberta and Cushing’s oil loading sites. , Oklahoma.

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The Keystone XL pipeline was discontinued after Biden got permission | News

Source link The Keystone XL pipeline was discontinued after Biden got permission | News

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