As the modern rail transportation developes rapidly, oil producers and refineries start to shift their attention away from the Keystone XL pipeline, in other words, the once money and labour consuming project is now seen as unneeded, a report from Canaccord Genuity Inc. says.

Here is the historical background of the Keystone Pipeline Project:

TransCanada Corporation purposed the project in 2005, most people who vote against this project mainly argue that it will cause serious damage to the environment, while others argue that it creates much work opportunities for the US but benefits a little for Canada. Despite much voice of opposition, the project became operational in June, 2010. One of the horrifying accidents related to this project was the lac megantic derailment, which causes numerous death and a great deal of damage to the environment.

That being said, the project is now considered to be abandoned because of the developement of rail transportation. Nevertheless, there remains many questions to the stakeholders and to the public.

1: If the project was never approved, why spend so much money in the first place?

2: Who is going to compensate the loss of lives and environmental damage caused by the project?