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A DIVERGENCE: Big Business and congressional Republicans are reading from different notes over how to approach President
Joe Biden’s aggressive agenda to combat climate change.
In the earliest of days, businesses, including oil companies, are sending signals of moderation and compromise. The Chamber of Commerce and American Petroleum Institute issued statements yesterday supporting Biden’s decision to re-enter the Paris Agreement, a shift of position for both. While many individual companies, such as ExxonMobil, called on former President
TC Energy Corp. called an immediate halt today to work on Keystone XL (KXL) as President Biden was expected to keep an election promise to revoke the U.S.
Biden to kill Keystone XL pipeline in fight on climate change, sources say
Steven Mufson and Juliet Eilperin, The Washington Post
Jan. 18, 2021
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WASHINGTON - Signaling his commitment to quickly confront climate change, President-elect Joe Biden is planning to move within days to quash the controversial multibillion-dollar Keystone XL pipeline, according to two individuals familiar with the decision who spoke on the condition of anonymity because it had not been announced yet.
The politically symbolic pipeline, promoted by the oil and gas industry since it was first proposed about 15 years ago, has drawn opposition because it would carry tar sands, or heavy bitumen, from the boreal forests of northern Alberta, Canada, to refineries on the U.S. Gulf Coast. The energy used in extracting these molasses-like petroleum supplies would contribute heavily to climate change.
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