Canadian company announces closure of Keystone XL oil pipeline project

Canadian company TC Energy, which is building the Keystone XL pipeline in the United States, has announced the closure of the project. Work on the construction of the pipeline has not been carried out since January after US President Joe Biden withdrew permission for cross-border work, Kommersant reports.

Project developer Keystone XL noted in a press release that it would work with regulators, stakeholders and indigenous peoples along the pipeline route to "ensure that the project is safely terminated and exited."

The Keystone XL project involved the construction of an oil pipeline with a length of 1.9 thousand kilometres and a capacity of more than 800 thousand barrels per day from Canada's largest oil-producing province of Alberta to oil refineries on the Gulf Coast.

The project was announced in 2008 and had since been criticized by conservationists. In 2015, US President Barack Obama abandoned the construction of the pipeline; in 2017, Donald Trump resumed the project. The Keystone XL building permit revocation was one of Mr Biden's first decisions as President of the United States.

As reported, more than 20 US states had filed a lawsuit against Biden over the Keystone XL pipeline.

Tags: oil, legislation, USA, foreign affairs, petroleum products, oil deliveries, ecology, infrastructure, Trump, oil pipeline, Biden

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