Keystone XL Pipeline Developer Says It Won’t Restart Project

The White River weaves through the landscape near where the proposed Keystone XL pipeline would pass, south of Presho, S.D., on Oct. 13, 2014. Andrew Burton/Getty Images

The company behind the Keystone XL pipeline said it will not be restarting the pipeline after both Canadian and American elected officials called for the project’s revival amid soaring oil and gas prices.

The Biden administration Tuesday banned Russian oil imports over the conflict in Ukraine as the average price for a gallon of gasoline soared to a record high of over $4 nationwide.