Keystone XL Oil Project Abandoned by Developer

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Keystone XL Oil Project Abandoned by Developer
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The Keystone XL oil-pipeline project was abandoned by its developers, handing a major victory to environmentalists after a decadelong fight

who said opening that avenue for more crude into the U.S. conflicted with a need to respond to climate change by shifting to cleaner sources of energy. He said allowing the project to go ahead would undercut the country’s international credibility as Mr. Biden tried to push other countries to lower their greenhouse-gas emissions.

“We remain disappointed and frustrated with the circumstances surrounding the Keystone XL project, including the cancellation of the presidential permit for the pipeline’s border crossing,” said Jason Kenney, premier of Alberta. The province had invested $1.1 billion in the project and will now have to swallow the cost. The government said it would continue to explore its options to recoup its money.

, came before TC Energy could finish construction in the U.S. It promptly suspended construction, saying it would cut more than 1,000 construction jobs. Mr. Biden’s critics decried the layoffs and several Republican states launched a lawsuit to overturn it. It wasn’t immediately clear what would happen to that lawsuit.

“It’s a disgrace President Biden played politics and killed the Keystone XL Pipeline,” said Austin Knudsen, the attorney general in Montana, the lead plaintiff—along with the Texas attorney general—of 23 states. “The pipeline would have enhanced America’s energy independence while bringing much needed jobs, tax revenue, and economic development to rural communities in Montana and across the country.

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