Developer pulls the plug on Keystone XL oil pipeline
By Matt Egan, CNN Business
TC Energy, the Canadian company behind the project, said it decided to terminate the project after a comprehensive review of its options and consulting with the government of Alberta. The company said it would coordinate with regulators, stakeholders and Indigenous groups to ensure a safe exit from the project.
The cancellation ends more than a decade of controversy over the pipeline and marks a big win for environmentalists who argued the project threatened the environment and would only worsen the climate crisis.
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