TC Energy Halts Spending on Keystone XL, Says It’s ‘Disappointed’ With Biden Move

TC Energy Halts Spending on Keystone XL, Says It’s ‘Disappointed’ With Biden Move
In this Dec. 18, 2020 photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. Chris Machian /Omaha World-Herald via AP
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CALGARY—TC Energy Corp. says it has suspended work on the Keystone XL project in anticipation of U.S. president-elect Joe Biden revoking its vital presidential permit once he is sworn in later today.

In a news release, it says it is “disappointed” with Biden’s expected action, adding it will overturn extensive regulatory reviews that found the pipeline would transport needed energy in an environmentally responsible way and bolster North American energy security.