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US News Canada takes the hit after Joe Biden suspended Keystone XL pipeline

11:12  22 january  2021
11:12  22 january  2021 Source:   rfi.fr

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 Biden wants to loosen trillions in the Corona crisis - - by Jeff Mason and Reinhard Becker © Reuters / TOM BRENNER US President-elect Joe Biden delivers remarks during a televised speech on the current economic and health crises at The Queen Theater in Wilmington Washington / Berlin (Reuters) - The future US President Joe Biden is putting together a billion dollar aid package to deal with the Corona crisis. In the midst of the tense aftermath of the Capitol storm, the Democrat made a televised address to the nation promoting its $ 1.9 trillion prog

Joe Biden ’s announcement that he will shut down the Keystone XL pipeline is creating tensions between U.S. and Canadian officials. The Keystone pipeline transports crude oil from Hardisty, Alberta to refining markets in the U.S. Midwest and U.S. Gulf Coast.

U.S. President-elect Joe Biden 's expected move to cancel the Keystone XL pipeline prompted Canada 's main oil-producing province of Alberta on Monday to threaten to seek damages as Ottawa made efforts to save the troubled project. Scrapping the project would threaten Canadian jobs and

Le site de l'oléoduc Keystone de TC Energy à Hardisty en Alberta au Canada, le 6 novembre 2015. © AP - Jeff McIntosh TC Energy's Keystone pipeline site in Hardisty, Alberta, Canada, November 6, 2015.

Among the decrees signed by Joe Biden as soon as he took office included the cancellation of Donald Trump's decision to authorize the construction of the Keystone XL pipeline in Western Canada. This pipeline, on which work has already started, was to link Alberta to Canada to Nebraska, then to Texas to the United States. The suspension of the construction site is a blow to the economic ambitions of the natural resources sector.

With our correspondent in Montreal, Pascale Guéricolas

Already, the company responsible for operating the Keystone XL pipeline has announced that around a thousand people could soon find themselves unemployed. Pumping station and pipe construction sites have stalled since US President Joe Biden suspended the pipeline project.

Keystone XL: this controversial oil pipeline project that Biden would like to cancel

 Keystone XL: this controversial oil pipeline project that Biden would like to cancel © Supplied by Le Point Keystone XL, oil pipeline, Joe Biden L he project has been debated for many years and may well be buried by the new Democratic administration American. According to information from Canadian channels CBC and CTV, Joe Biden intends to cancel, upon his inauguration on January 20, by presidential decree, the very controversial Keystone XL pipeline project between Canada and the United States.

U.S. President-elect Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa's hopes of salvaging a project that the struggling Canadian crude sector has long supported.

(Bloomberg) -- Joe Biden canceled the Keystone XL oil pipeline hours after becoming president, killing once again a cross-border project that had won a four-year reprieve under his Republican predecessor, Donald Trump.In one of his first major environmental actions, Biden on Wednesday

The Premier of Alberta would like to sue the United States in court over this ruling. The trade agreement between Canada and its neighbor to the south, as well as Mexico, could allow such a challenge.

Read also: Ottawa defends the continuation of the Keystone XL pipeline project

Export solution to be found

However, it seems unlikely that the Canadian government will go in this direction. When you export 80% of your goods across the border, you don't really have to quarrel with your customer.

Oil companies must, however, find a solution to export their production abroad, a prerequisite for improving their profitability. All their hopes now rest on another pipeline to link Alberta to British Columbia, then to Asian ports.

To read also: Oil, gas pipeline ... In Canada, environmental projects provoke mobilisations

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