Even as TC Energy tried to revive the pipeline, polls showed that a majority of Americans opposed it. The market case, even before the COVID-19 pandemic sent oil prices plummeting, has also deteriorated.
Low oil prices and increasing public concern over the climate have led Shell, Exxon, Statoil, and Total to either sell their tar sands assets or write them down.
Even as TC Energy tried to revive the pipeline, polls showed that a majority of Americans opposed it. The market case, even before the COVID-19 pandemic sent oil prices plummeting, has also deteriorated.
Low oil prices and increasing public concern over the climate have led Shell, Exxon, Statoil, and Total to either sell their tar sands assets or write them down.