TC Energy

Talks between the operators of a trio of competing projects remain active as Canada looks to cut emissions by 40% over the next decade.

The midstream operators plan to have the CO2 pipeline network operational as soon as 2025 and flowing at full stream by 2027.

The company's CEO said future plans for the 1,200-mile-long pipeline have been officially terminated.

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.

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.

US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other.

The court ruling comes less than a month after TC Energy announced plans to proceed with construction of the Keystone Pipeline.

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.

TC Energy is planning to start mobilizing heavy construction equipment to worker campsites and pipeline storage sites in Montana, South Dakota, and Nebraska in February to start preconstruction work on the Keystone XL Pipeline.

A decision by the US District Court in Montana deals a blow to the TransCanada project, which is designed to transport heavy crude from Alberta to Nebraska.