US President-elect Joe Biden plans to cancel the controversial Keystone XL pipeline project between Canada and the United States by a presidential decree upon his inauguration on January 20, Canadian channels CBC and CTV said Sunday. Both channels report briefing notes from Mr. Biden’s transition team to industry players, indicating that the cancellation of the pipeline license will be part of the measures Mr. Biden is due to announce on the day he takes up his post.
The project of the Canadian group TC Energy, of some 8 billion US dollars (6.6 billion euros), is to transport more than 800,000 barrels of oil per day, over nearly 2,000 km, between the Canadian province of Alberta and US refineries in the Gulf of Mexico.
Launched in 2008, the pipeline extension project was blocked by former President Barack Obama, then authorized by his successor Donald Trump. It is criticized by environmentalists because of its impact on greenhouse gas emissions.
Alberta Premier Jason Kenney, who supports the project, said in a tweet that he was “extremely concerned” about reports that Biden could cancel it as early as Wednesday. This province is in the midst of an economic slump with the collapse of oil prices, notably as a result of the coronavirus pandemic.