The $9 billion oil pipeline project expected to bring crude oil from Canada’s Western sands to U.S. refiners was terminated Wednesday by TC Energy Corp. and Alberta’s provincial government.
The Keystone XL Project, a project that had been in the works since 2008, was cancelled by TC Energy Corp. after U.S. President Joe Biden revoked a key permit needed for the project to continue running.
If successful, the pipeline would have transported 830,000 barrels of oil from Hardisty, Alta., to Nebraska, and then connect back to the original keystone at the U.S. refineries.
“We remain disappointed and frustrated with the circumstances surrounding the Keystone XL project, including the cancellation of the presidential permit for the pipeline’s border crossing,” Alberta’s Premier Jason Kennedy announced in a statement.
While environmentalists and some Indigenous groups who were opposed to the project from the beginning are thankful the project’s been cancelled, there are a few Indigenous groups advocating about the impact this termination could have on employment opportunities.
Dale Swampy, president of the National Coalition of Chiefs told the CBC back in January that the cancellation of this project could result in major job losses for Indigenous people.
What does this mean for those who were working on the pipes? The answer still remains unknown.
The Minister of Energy, Sonya Savage said in a statement, “Terminating our relationship with TC Energy’s project is in the best interest of Albertans under current conditions. We remain undeterred in our commitment to stand up for Alberta’s energy sector and the hard-working people it employs.”