The incoming President no doubt thought that a quick cancellation of Keystone’s permit would be a low-hanging fruit means of pleasing one of his party’s most powerful constituencies, and so did most observers. But that thought process was interrupted this week when Reuters reported that the Canadian province of Alberta said it would seek damages from the U.S. should Biden follow through on his promise.
Keystone XL would benefit Alberta and its oil industry by transporting huge volumes of the heavy crude produced in the Province’s oil sands to U.S. refineries located along the Texas and Louisiana gulf coasts. Alternative means of transportation, such as moving the crude to the Pacific Coast via the Trans-Mountain Pipeline, which the Canadian government took over in 2018 at a cost of $4.5 billion, are less efficient and more costly. Obviously, the completion of Keystone XL would benefit Alberta’s economy and create additional jobs for the Province.
How sad, now President Mumbles is killing Canadian jobs too