Keystone XL is canceled

The sponsor of the Keystone XL crude oil pipeline said Wednesday it is pulling the plug on the contentious project after Canadian officials failed to persuade President Biden to reverse his cancellation of its permit on the day he took office. Calgarybased TC Energy said it would work with government agencies “to ensure a safe termination of and exit from” the partially built line, which was to transport crude from the oil sand fields of western Canada to Steele City, Neb.

Construction on the 1,200mile pipeline began last year when former President Donald Trump revived the longdelayed project after it had stalled under the Obama administration.