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President-elect Joe Biden is considering canceling TC Energy’s cross-border Keystone XL pipeline license – and Canadian officials are concerned.
Jason Kenney, the 18th premier of Alberta, said in a tweet that he was “deeply concerned about reports that the new administration of President-elect Joe Biden may revoke the presidential permit for the Keystone XL border crossing.”
The project is expected to move 830,000 barrels of crude oil per day from the province of Alberta to Nebraska, but it has been reported that the cancellation of the $ 9 billion project is one of Biden’s actions against the climate change from day one.
A source close to the Biden administration and the pipeline project told Fox News: “The people at Biden were weighing the decision on the manufacturing jobs numbers, but clearly had to give the environmentalists on his team a quick victory.”
The same source added that the pipeline company and union partners had stepped up their messages about environmental offsets with the pipeline moving forward with a net zero emission standard.
TC Energy announced on Sunday that the project will achieve net zero emissions in all operations by 2023.
But Canadian officials continue to fear that the cancellation will cut jobs on both sides of the border, weaken Canada-U.S. Relations and undermine U.S. national security.
Richard Madan, correspondent for Canada’s premier newscast, CTV News, said in a tweet that Canadian officials view the planned cancellation as “a blow to Canada.”
Keystone XL had become a political symbol of the struggle between climate activists and the oil industry.
The project has been controversial since its first proposal over ten years ago. Opponents argue that its stimulation of oil sands development is contributing to climate change. On the other hand, the Canadian petroleum industry maintains that Keystone XL is essential to supplying US heavy crude refineries on the Gulf Coast of Mexico.
Biden is expected to cancel the presidential license for Keystone XL through an executive order on inauguration day, reversing one of the first actions of President Trump in office.
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