In early July, the company officially canceled the $ 8-9 billion Keystone XL project. It is no secret that Joe Biden’s decision on the first day of his tenure was the direct cause of his failure – and he later withdrew permission that was crucial to continue construction.
The “shutdown” pipeline had to carry 830,000 barrels of heavy oil daily from Alberta, Canada, to Nebraska, USA. Although construction in Canada began some time ago, the project faced many problems on the US side. The past twelve years have largely been a history of objections from landowners, indigenous peoples and environmental activists.
“While we welcome the president’s commitment to combating climate change, we are disappointed,” Canadian Prime Minister Justin Trudeau responded to Joe Biden’s decision earlier this year.
The reaction of the head of provincial government in Alberta was very decisive: “This is a blow to the economies of Canada and Alberta. Unfortunately, this is a disgrace to America’s most important friendship and trading partner. ”
This outcry seems understandable as Canada is the fourth largest oil producer in the world. Most of the production is exported to refineries in the United States. In 2019, it was 3.8 million p / d – total exports were 6.8 million p / d.
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