TC Energy, the Calgary-based firm developing the the Keystone XL pipeline, said June 9 it will terminate the long controversial project, which would have carried 830,000 barrels daily of crude oil from Alberta to Steele City, Neb., and now is weighing site closure issues on various fronts.
The decision follows President Joe Biden's Jan. 20 order revoking the permit for the $8-billion project as one of his first presidential actions. The company halted construction at the time and said it would review its options.