CALGARY, Alberta (Reuters) – U.S. President Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging a project that the struggling Canadian crude sector has long supported.
Biden will sign 15 executive orders and memorandums to address the “crises” of the pandemic, climate change and racial inequity, said incoming press secretary Jen Psaki.
The move would represent another set-back for the beleaguered Canadian energy industry, kill thousands of jobs and marks an early bump in Biden’s relationship with key trade partner Canada.
