Keystone XL developer TC Energy canceled construction on the long controversial Canada-to-U.S. oil pipeline Jan. 20 after President Joe Biden moved to revoke the presidential permit for the $8-billion project as one of his first actions and a long-standing campaign promise.
Opponents cheered the cancellation, but it portends a diplomatic tiff with Canada over economic impacts, with job losses in a transforming energy construction market now a core issue.