As one of his first acts in office, President Biden revoked TC Energy Corp.’s (NYSE:TRP) license on the controversial Keystone XL pipeline project. The project ran into trouble soon after TC proposed the pipeline in 2008, with environmental groups mainly citing the threat of spills. Many were also keen on reducing the amount of oil extracted from Canada’s oil sands, widely regarded as one of the worst polluters among oil-producing regions anywhere in the world. The 1,700-mile pipeline is an expansion of an existing pipeline, called…
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