The Keystone XL investment of $1.5 billion, plus a $6-billion loan guarantee, aims to accelerate construction of the massive project. It shows President-elect Joe Biden that Alberta has invested heavily into the project and can’t afford to have it rejected. Federal Liberal leader Justin Trudeau has also shown a lot of support for the project. He was very happy when president Trump gave it the “go-ahead” after former president Barack Obama cancelled the project when he was elected.
Alberta’s premier, Jason Kenney, habitually inflates the value of the project when he speaks of it. The United States consumption of Canadian fossil fuels is very small when one speaks about the over-all volume consumed. Cancelling Keystone XL won’t place any limits on the amount of oil the United States uses. It will, however, show Canada and the rest of the world that Biden is serious about the environmental plans for the United States.
I am deeply concerned by reports that the incoming administration of President-elect Joe Biden may repeal the Presidential permit for the Keystone XL border crossing next week.
My full statement: pic.twitter.com/vZjun1IdMH
— Jason Kenney (@jkenney) January 18, 2021
Biden said he would rank countries’ performance in meeting their Paris commitments and will impose trade tariffs on those not living up to their potential. That includes Canada. It’s a well known fact that our Paris commitment was little more than a joke. This will have strong implications for the direction of fossil fuelled energy in this country.
U.S. President-Elect Joe Biden To Rescind Keystone XL Pipeline Permit On Day 1: Transition Documents
Jan 18, 2021
WASHINGTON — One of Joe Biden’s first actions once he becomes U.S. president Wednesday will be to slam the door yet again on Canada’s politically fraught Keystone XL pipeline expansion, transition documents suggest.
The documents, seen by The Canadian Press, feature a to-do list for inauguration day that includes signing an executive order to rescind the Keystone XL construction permit granted in 2019 by predecessor Donald Trump.
They also suggest that despite its best efforts, Canada has failed to convince the incoming administration of the virtues of importing fossil-fuel energy from a friendly ally and trading partner with similar climate change goals. Read more