Biden may scrap Keystone pipeline permit on his first day: Report
The project, which was rejected by the Obama administration for contravening climate change goals, was approved by Trump. US President-elect Joe Biden is planning to cancel the permit for the $9bn Keystone XL pipeline project as one of his first acts in office, perhaps as soon as his first day, according to a source familiar with his thinking. The words “Rescind Keystone XL pipeline permit” appear on a list of executive actions likely scheduled for the first day of Biden’s presidency, according to an earlier report by the Canadian Broadcasting Corporation. Canada’s oil industry argues the project is needed to supply heavy crude to US Gulf Coast refineries, who need the oil to replace declining volumes from Latin America. 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.
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