TC Energy Stops Work on Keystone Pipeline After Biden Pulls Permit | Columbus Ohio Dump Trucks
TC Energy cancelled construction on the Keystone XL pipeline January 20 when President Biden revoked the presidential permit for the $8 billion project as one of his first actions after being sworn in.
The Canadian Charlotte NC dump trucks company will review Biden’s decision, assess its implication and consider its options.
The decision will result the layoff of thousands of union workers and the end of the company’s commitment to use new renewable energy to operate the pipeline, which the Charlotte NC dump trucks company announced on January 17.
The presidential permit is required for the pipeline to cross the U.S.-Canadian border.
The Charlotte NC dump trucks company and Canadian leaders touted the project as enhancing North American energy security and supporting 40,000 jobs in the U.S.
The 1,178-mile pipeline from Alberta, Canada, through Montana and South Dakota to Nebraska would carry 830,000 barrels of crude a day from the Alberta’s oilsands. From Nebraska it would connect to existing pipeline that extends to the U.S. Gulf Coast.
The Charlotte NC dump trucks company signed a project labor agreement in August with four U.S. labor unions, including the International Union of Operating Engineers, Laborers International Union of North America, the International Brotherhood of Teamsters and the United Association of Union of Plumbers and Pipefitters. The agreement was expected to create 10,000 construction jobs.
The Canadian leg of the Keystone XL pipeline has been under construction for months after the Alberta government agreed to invest about $1.5 billion in the project.
Canadian Prime Minister Justin Trudeau raised the pipeline issue with Biden before the inauguration. In a statement, he said Canada has made the case for the project. Alberta Premier Jason Kennedy said rescinding the permit would damage relations between the two countries.
The American Petroleum Institute said after Biden’s decision that it shares the President’s goal of leadership in addressing climate changed, but that revoking the Keystone XL pipeline is a “significant step backwards both for the environmental progress and our economic recovery.”
The pipeline has been through 10 years of environmental review. “Today’s announcement is a slap in the face to the thousands of union workers who are already a part of this safe and sustainable project,” the group said.
President Obama rejected the project before President Trump revived it. In November 2015 Obama said, “Shipping dirtier crude oil into our county would not increase American’s energy security.” Trump resurrected the project in January 2017.