Keystone XL Pipeline project, which has been at the centre of US-Canada relations since Joe Biden took over the White House, was shut down on Wednesday by TC Energy, a Canada-based organisation.
In a press release circulated by TC Energy, the company said that various stakeholders like the indigenous groups and regulators will be coordinated with as it has to uphold its "environmental and regulatory commitments and ensure a safe termination of and exit from the project", reported AFP.
Relevant authorities of the Alberta government were also notified of the decision.
During his presidential campaign in 2020, Biden promised to sign an executive order to revoke the project's permit. He fulfilled the promise on his first in day in office.
A similar stance has been taken by multiple environmental activist groups and individuals, however, Ottawa has been in support of the project.
The Candian pipeline, which was scheduled to commence its operations in 2023, was planned to be around 1,210 miles long, setting itself to be one of the most substantial energy-related projects in the country.
The Keystone XL Pipeline project was planned to be cover substantial ground ranging from Alberta oil sands to Nebraska and further on. It was also meant to transport around 830,000 barrels of oil per day.