President Joe Biden cancels Keystone XL pipeline

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Within hours of the 59th inauguration of the President of the United State on Wednesday, President Joe Biden revoked the presidential permit issued for the Keystone XL pipeline expansion by his predecessor, deeming the project not in the US national interest.   TC Energy’s US $8 billon project was expected to see the 1,930 kilometre pipeline transport up to 830,000 barrels of oil a day from Alberta to Nebraska.   The company has since announced plans to eliminate more than 1,000 construction jobs in the coming weeks. Transportation Secretary nominee Pete Buttigieg is optimistic that these losses will be offset by new positions created as the new administration shifts towards climate-conscious goals.

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