Keystone Pipeline Prepares for Fight
On Sunday, it was reported that President-elect Joe Biden will rescind the cross-border permit for TC Energy’s Keystone XL pipeline on his first day in office (POLITICO)
Why? Appeasing environmentalists, duh…
The move is billed as one of Biden’s Day One climate change actions, according to a presentation circulating among Washington trade groups and lobbyists, a portion of which was seen by POLITICO. The decision was not included in incoming chief of staff Ron Klain’s Saturday memo outlining Biden’s planned executive actions during the first days of his presidency.
The Keystone pipeline isn’t going down without a fight. The Keystone oil pipeline’s developer plans to announce a series of overhauls in a bid to win President-elect Joe Biden’ (Wall Street Journal)
In a bid to save the project, Canada’s TC Energy Corp. TRP 0.29% is committing to spend $1.7 billion on solar, wind and battery power to operate the partially completed 2,000-mile pipeline system between Alberta, in western Canada, and Texas, company officials say. They also are pledging to hire a union workforce and eliminate all greenhouse-gas emissions from operations by 2030.