TC Energy
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TC Energy said it has is no timetable for restarting the 600,000 B/D pipeline that stretches from Alberta to Texas.
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A duo of deals sees BP snapping up a US biogas producer, while TC Energy invests in producing biogas from Jack Daniel's byproducts.
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Talks between the operators of a trio of competing projects remain active as Canada looks to cut emissions by 40% over the next decade.
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The midstream operators plan to have the CO2 pipeline network operational as soon as 2025 and flowing at full stream by 2027.
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The company's CEO said future plans for the 1,200-mile-long pipeline have been officially terminated.
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The decision to cancel the nearly 1,200-mile-long project comes less than a year after construction began and is being met with disappointment on both sides of the US-Canadian border. A 60-day halt on new permits for onshore an offshore US federal areas has also been ordered.
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One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
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US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other.
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The court ruling comes less than a month after TC Energy announced plans to proceed with construction of the Keystone Pipeline.
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The $8-billion pipeline project has been held up for years, but amid a historic price crash, the Canadian government is stepping in with funding to support exports.
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