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Company officially nixes Keystone XL pipeline

The company behind the Keystone XL pipeline announced on Wednesday that it's officially scrapping the project after President BidenJoe BidenFormer Rep. Rohrabacher says he took part in Jan. 6 march to Capitol but did not storm building Saudis picked up drugs in Cairo used to kill Khashoggi: report Biden looking to build momentum for Putin meeting MORE nixed a border-crossing permit for it. 

A statement from TC Energy said that after "a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project."

"We value the strong relationships we’ve built through the development of this Project and the experience we’ve gained," François Poirier, the company's president and CEO, said in a statement. 

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The company also said that it will work with regulators and others to safely terminate the project. 

The news was first reported by the Washington Examiner

On his first day in office, Biden decided to revoke the key permit for the project, garnering cheers from many environmental and indigenous groups and ire from conservatives.

In an executive order doing so, Biden argued that the proposed oil pipeline "disserves" the U.S. national interest and that "leaving the Keystone XL pipeline permit in place would not be consistent with my Administration's economic and climate imperatives."

Since then, a cohort of states with Republican attorneys general sued Biden over the decision. 

Wednesday's news reignited GOP criticism of Biden over his decision. 

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"This is devastating news for our economy, jobs, environment and national security—and it's entirely President Biden’s fault. It’s beyond clear that President Biden is beholden to extreme environmentalists," Sen. Steve DainesSteven (Steve) David DainesGOP senator introduces constitutional amendment to ban flag burning Company officially nixes Keystone XL pipeline OVERNIGHT ENERGY: Biden ends infrastructure talks with key Republican | Colonial Pipeline CEO grilled over ransomware attack | Texas gov signs bills to improve power grid after winter storm MORE (R-Mont.) said in a statement. 

Former President TrumpDonald TrumpDOJ asks Supreme Court to revive Boston Marathon bomber death sentence, in break with Biden vow Biden looking to build momentum for Putin meeting DOJ tells media execs that reporters were not targets of investigations MORE had championed the vessel, which would have shipped carbon-intensive tar sands oil from Canada to the U.S. across 1,200 miles. 

He issued a permit allowing it to cross the border during the first months of his presidency.  

The vessel's proponents say it would have brought jobs and revenue, while opponents argue that the country shouldn't import tar sands oil, and tribes have said the Trump administration ignored their treaty rights when approving the pipeline.

Updated at 5:29 p.m.