The incoming Biden administration plans on cancelling the Keystone pipeline via executive action during his first day in office.
Via Reuters:
President-elect Joe Biden is planning to cancel the Keystone XL pipeline permit via executive action on his first day in office, CBC News reported on Sunday, citing sources.
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A briefing note from the Biden transition team was widely circulated over the weekend after being shared by the incoming president’s team with U.S. stakeholders, the Canadian broadcaster reported.
The words “Rescind Keystone XL pipeline permit” appeared on a list of executive actions likely scheduled for the first day of Biden’s presidency on Wednesday, according to the report
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The Keystone pipeline is operated by TC Energy Corp . The $9 billion project, which would move oil from the province of Alberta to Nebraska, had been slowed by legal issues in the United States.
It was seen to face a potential fatal blow when Biden takes office on Wednesday if he followed through on a vow to scrap the oil pipeline’s presidential permit.
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Former Democratic President Barack Obama axed the project in 2015, saying Canada would reap most of the economic benefits, while the project would add to greenhouse gas emissions.
Outgoing Republican President Donald Trump issued a presidential permit in 2017 that allowed the line to move forward, and several environmental groups sued the U.S. government.
BREAKING: U.S. president-elect Joe Biden is planning to cancel the Keystone XL pipeline permit via executive action on his first day in office. https://t.co/rpHeD2bnLK
— CBC News (@CBCNews) January 17, 2021
One of President Trump’s many accomplishments was turning this country from an importer of oil into an exporter of oil with full energy independence.
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It would appear that Joe Biden is intent on wrecking that as quickly as possible.
The United States could have ultimately dominated the global energy market by expanding on the last four years but now it appears that outcome is much less likely, at least in the near term.
Buckle up, the ride is about to get very bumpy as the United States government takes a hard left turn.
