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Share Name Share Symbol Market Type
TC Energy Corporation TSX:TRP Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.79 -1.24% 62.80 62.70 62.85 63.03 61.97 62.59 3,191,988 21:45:02

Keystone XL Oil Project Abandoned by Developer

09/06/2021 10:12pm

Dow Jones News


TC Energy (TSX:TRP)
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By Timothy Puko 

Canada's TC Energy Corp. and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a decadelong controversy over an effort to pipe more Canadian crude into the U.S.

The decision has been expected after President Biden used his first day in office to revoke a key permit for the pipeline to cross the country's northern border, shutting down construction.

It is nonetheless a win for environmentalists who have campaigned to block new pipeline construction as a way to limit oil consumption that contributes to global warming.

(More to come.)

Write to Timothy Puko at tim.puko@wsj.com

 

(END) Dow Jones Newswires

June 09, 2021 17:08 ET (21:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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