RE: If Biden really wants to help people, and is serious

Posted on: February 23, 2022 at 11:20:45 CT

Even as Trump and TC Energy tried to revive the pipeline, polls showed that a majority of Americans opposed it. The market case had also deteriorated. Low oil prices and increasing public concern over the climate have led Shell, Exxon, Equinor (then Statoil), and Total to either sell their tar sands assets or whittle them down. Because of this growing market recognition, major new tar sands projects haven't moved forward with construction for years, despite investments from the government of Alberta, Canada. For example, in 2020, Teck Resources withdrew its 10-year application to build the largest tar sands mine in history, citing growing concern surrounding climate change in global markets.