Because of this growing market recognition, major new tar sands projects haven't moved forward with construction for years, despite investments from the government of Alberta, Canada.
For example, in 2020, Teck Resources withdrew its ten-year application to build the largest tar sands mine in history—citing growing concern surrounding climate change in global markets.
This is one important step toward ending the project but for the Keystone XL pipeline to truly be finished, the Biden administration must revoke other permits, including the Bureau of Land Management’s right-of-way permit—and prepare for the legal battles that will likely follow.
Because of this growing market recognition, major new tar sands projects haven't moved forward with construction for years, despite investments from the government of Alberta, Canada.
For example, in 2020, Teck Resources withdrew its ten-year application to build the largest tar sands mine in history—citing growing concern surrounding climate change in global markets.
In May 2020, while campaigning in the Democratic primary for the presidential ticket, Joe Biden vowed to cancel the Keystone XL cross-border permit.
This is one important step toward ending the project but for the Keystone XL pipeline to truly be finished, the Biden administration must revoke other permits, including the Bureau of Land Management’s right-of-way permit—and prepare for the legal battles that will likely follow.