US President-elect Joe Biden intends to cancel the controversial Keystone XL pipeline project between Canada and the United States by a presidential decree issued on the day of his inauguration on January 20, Canadian television stations CBC and CTV said, according to Agerpres.
The two channels referred to several briefing notes sent by Joe Biden’s transition team to industry players, stating that the cancellation of permits for the pipeline will be part of the measures the new US president will announce on the day of his inauguration.
The project of the Canadian group TC Energy, worth about 8 billion US dollars (6.6 billion euros), would have allowed the transport of over 800,000 barrels of oil per day, over a distance of more than 2,000 kilometers, between the province Canadian Alberta and American refineries in the Gulf of Mexico.
Launched in 2008, the pipeline project was blocked by former President Barack Obama, then authorized by his successor, Donald Trump. He is criticized by environmentalists for his impact on greenhouse gas emissions.