Developers divestment saw a decade-long U.S.-Canada oil pipeline project finally ended

　　Chinanews.com, June 10th, according to the US Chinese website, Canada's TC Energy Company announced on the 9th that after the US Biden government revoked its cross-border permit in January, the company will withdraw the controversial Keystone XL oil pipeline project.

　　According to reports, the company said it decided to terminate the project after consulting with the Canadian province of Alberta.

The company said it will coordinate with regulators, stakeholders and indigenous groups to ensure a safe exit from the project.

　　The cancellation of the project will end more than a decade of controversy over the pipeline. This move also marks a major victory for environmentalists who believe that the project threatens the environment and will only worsen the climate crisis.

　　The project aims to transport oil and oil sands from Canada to the United States.

Over the years, the project has been intermittent because of the controversy.

　　On the first day of entering the White House, Biden revoked the transit permit granted to Keystone XL by his predecessor Trump, and at the same time took action to allow the United States to rejoin the Paris climate agreement.

TC Energy warned at the time that Biden's decision would "directly lead to the dismissal of thousands of union workers."

　　David Turnbull, a spokesperson for the environmental protection organization International Petroleum Change, said in a statement: "The cancellation of the Keystone XL project reminds us that we don’t need this project at all, and it’s not in the public interest. Now the era of fossil fuels is quickly over. It's time."

　　The American Petroleum Institute (API), the largest trade group in the oil and gas industry, expressed disappointment at the news.

Robin Rorik, vice president of API operations, said: "It is unfortunate that political obstruction has led to the termination of the Keystone XL pipeline. This is a blow to American energy security, and it is also a blow to the thousands of high-paying jobs that the project could have supported. "

　　Marty Durbin, chairman of the Global Energy Institute of the U.S. Chamber of Commerce, said that the government’s decision to terminate the project is understandable, but in the end “the American people will lose the most because they cannot obtain affordable and reliable energy that would otherwise be It can be transported safely and efficiently through pipelines.”