Blocked by US President Joe Biden, Canadian oil company TC Energy refuses to build new Keystone pipeline

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US President Joe Biden abandoned the gas pipeline project on his first day in office (representative)

New York:

Canadian company TC Energy, blocked by US President Joe Biden, said Wednesday that it has officially shut down the Keystone XL pipeline project, challenging a controversial initiative opposed by environmental activists.

TC Energy will coordinate with regulators, indigenous groups and other stakeholders “to meet its environmental and regulatory obligations and ensure the safe completion and exit of the project,” the company said, confirming that it has notified the government of the province. Albert.

Biden formally revoked the pipeline permit, first proposed in 2008, by his decree on his first day in office in January 2021.

During the presidential campaign, he promised to complete the project due to environmental concerns, which changed the position of Donald Trump’s predecessor.

While the project has long Canadian backing, Keystone XL has been opposed by environmentalists and indigenous groups who have organized anti-pipeline rallies in Washington, Ottawa and affected areas over the past decade.

The 1,210-mile (1950 km) pipeline, which will begin in 2023, was to transport up to 830,000 barrels of oil per day from the Alberta oil sands to Nebraska, and then through the existing system to refineries in coastal Texas.

TC Energy argued that shipping this amount of oil from friendly neighboring Canada would reduce US dependence on the Middle East and Venezuela by up to 40 percent.

The State Department estimated that the plan would create 42,000 temporary jobs over the two-year construction period, but opponents noted that only 35 permanent jobs would be created to service the pipelines.

According to experts, the Canadian provinces of Alberta and Saskatchewan are likely to pay to stop the construction of the pipeline.

The province said in a statement that Alberta will “explore all the options for a public investment return” in the pipeline, adding that it will ultimately be on the hook for roughly C $ 1.3 billion (US $ 1.1 billion).

Dirty oil

Alberta Premier Jason Kenny said he was “disappointed and disappointed” by the cancellation.

“Alberta will continue to play an important role in North America’s reliable and affordable power grid,” he said. “We will work with our US partners to ensure that we can meet US energy needs through the responsible development and transportation of our resources.”

The U.S. Environmental Protection Agency has filed an objection to the project under the National Environmental Policy Act (NEPA), and former President Barack Obama vetoed Congress’s approval of the Keystone proposal in 2015.

Trump, however, backed the pipeline’s construction as part of an effort to “build shiny new infrastructure” and tried to reopen work, but was thwarted by court orders to halt construction in 2018 – before re-approving the permit in early 2020.

The tar sands of Alberta are considered the “dirtiest” oil on the planet. Unlike traditional crude oil that beats out of a well, tar sand oil needs to be dug up and essentially melted in hot water before it can be refined. This leads to the formation of huge lakes of polluted water and the deforestation of millions of acres of once pristine boreal forests.

Environmentalists say tar sand oil contains a harmful and corrosive component, bitumen, which increases the likelihood of pipeline ruptures or leaks and carries greater health and safety risks.

TC Energy argued that underground pipelines are much safer for transporting oil than ships or trains, but critics noted that the existing section of the Keystone pipeline experienced a dozen leaks in its first year of operation.

Kendall McKee, campaigner for activist group @ 350, said the end of the project was a harbinger of more casualties as environmentalists challenge fossil fuels.

“The fight to stop Keystone XL has never been about one assembly line,” McKee said in a press release. “This victory warns the polluters and their financiers: stop your fossil fuel projects now – or a ruthless grassroots movement will stop them for you.”

“More than 10 years later – we have finally defeated the oil and gas giant! Keystone XL WAS DIED! We dance in our hearts for this victory! ” The Indigenous Environmental Protection Network tweeted Wednesday.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated channel.)

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