Keystone XL crude oil pipeline, sponsor, has terminated the pipeline project on Wednesday, June 09, after the Canadian Officials returned unsuccessful in persuading the U.S. president Joe Biden to overturn his cancellation of the permit. TC Energy, based in Calgary stated its symbiotic efforts with the government agencies would ensure safer exit from the partially built pipeline project.
The project would have transported crude oil after its completion, acquiring it from the oil fields of Western Canada to the final destination, Steele City, Nebraska.The Keystone XL pipeline projected consisted of construction on a 1200-mile pipeline, was initiated last year, with the former president Donald Trump who had revived the project after it had been delayed for a long time under the presidential administration of Obama.
Ultimately, the project would have generated 830,000 barrels equivalent to 35 million gallons of crude oil daily, connecting the network in Nebraska to other surrounding pipelines delivering oil refineries situated on the U.S. Gulf Coast.The Biden Administration declined the permit, including the pipeline’s border crossing in January over the underlying concerns associated with the burning of oil sands crude on the climate changes worsening the impact with irreversible damage.
Witnessing the struggle, Canadian Prime Minister Justin Trudeau opposed the decision, raising tensions between Canada and U.S. Trudeau also witnessed frustration among the Alberta Officials suggesting the need for greater efforts to persuade the Biden administration to approve the permit.Alberta is the originating line, had invested over $1 million in the project in the previous year, jump-starting the construction which was previously stalled.