President Biden indications Executive Order to cancel Keystone XL pipeline

 President Biden indications Executive Order to cancel Keystone XL pipeline

.By Bruce Lantz.The oil and gas market’s worst fears came to life Wednesday January 20, when U.S. President Joe Biden blocked the Keystone XL pipeline.Friday, when Biden makes his very first foreign leader call, it will be to Canadian Prime Minister Justin Trudeau, the White House has actually verified. Keystone XL is anticipated to be a focus. The leaders are most likely to talk about whether the Keystone license needed to be withdrawed or whether there are ways to work across the border rather of Biden’s “Buy American” approach.The US$ 8-billion pipeline could take 830,000 barrels a day of Alberta tarsands petroleum 1,897 kilometres to Nebraska and relate to an existing pipeline to the Gulf Coast, creating countless much-needed jobs while opening up new export opportunities for Canadian suppliers.The pipeline’s owner, Calgary’s TC Energy Corp. [TRP-TSX, NYSE], has been conquering hurdles for a decade– with the job first banned by former U.S. President Barack Obama (when Biden was his vice-president), then approved by previous President Donald Trump in 2019, and now quashed by Biden literally moments after he took workplace.It was
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