To hear the supporters of Keystone XL this will be an economic disaster because of huge job losses. But wait, read the following to see there will be only 1,000 jobs lost not the tens of thousands being peddled by conservatives like Fox
TORONTO >> Construction on the long disputed Keystone XL oil pipeline halted today as incoming U.S. President Joe Biden decided to revoke its permit.
Biden’s Day One plans included moving to revoke a presidential permit for the pipeline.
The premier of the oil-rich Canadian province of Alberta called it an “insult” and said the federal Canadian government should impose trade sanctions if it is not reversed.
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The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.
“Advancement of the project will be suspended,” the Calgary, Alberta-based company said in a statement.
Keystone XL President Richard Prior said over 1,000 jobs, the majority unionized, will be eliminated in the coming weeks.
“We will begin a safe and orderly shut-down of construction,” he said.
First proposed in 2008, the pipeline has become emblematic of the tensions between economic development and curbing the fossil fuel emissions that are causing climate change. The Obama administration rejected it, but President Donald Trump revived it and has been a strong supporter. Construction already started.
“We are disappointed but acknowledge the President’s decision to fulfil his election campaign promise on Keystone XL,” Canadian Prime Minister Justin Trudeau said in a statement.
White House press secretary Jen Psaki said Biden will call Trudeau on Friday, the first call with a foreign leader after Biden took the oath of office. Psaki said the pipeline will be discussed.
Trudeau raised Keystone XL as a top priority when he spoke with Biden in a phone call in November. The project is meant to expand critical oil exports for Canada, which has the third-largest oil reserves in the world.
TORONTO >> Construction on the long disputed Keystone XL oil pipeline halted today as incoming U.S. President Joe Biden decided to revoke its permit.
Biden’s Day One plans included moving to revoke a presidential permit for the pipeline.
The premier of the oil-rich Canadian province of Alberta called it an “insult” and said the federal Canadian government should impose trade sanctions if it is not reversed.
ADVERTISING
The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.
“Advancement of the project will be suspended,” the Calgary, Alberta-based company said in a statement.
Keystone XL President Richard Prior said over 1,000 jobs, the majority unionized, will be eliminated in the coming weeks.
“We will begin a safe and orderly shut-down of construction,” he said.
First proposed in 2008, the pipeline has become emblematic of the tensions between economic development and curbing the fossil fuel emissions that are causing climate change. The Obama administration rejected it, but President Donald Trump revived it and has been a strong supporter. Construction already started.
“We are disappointed but acknowledge the President’s decision to fulfil his election campaign promise on Keystone XL,” Canadian Prime Minister Justin Trudeau said in a statement.
White House press secretary Jen Psaki said Biden will call Trudeau on Friday, the first call with a foreign leader after Biden took the oath of office. Psaki said the pipeline will be discussed.
Trudeau raised Keystone XL as a top priority when he spoke with Biden in a phone call in November. The project is meant to expand critical oil exports for Canada, which has the third-largest oil reserves in the world.
