The developer of the Keystone XL oil sands pipeline abandoned the project Wednesday after a decade-plus effort.
Why it matters: TC Energy’s decision ends one of the century’s highest profile battles over climate change and energy. But the move is unsurprising.
- President Biden canceled a cross-border permit in January, prompting TC Energy to suspend construction on the project that would bring hundreds of thousands of barrels per day from Alberta, Canada, to U.S. markets. Continue reading.