Publishing date: Jan 20, 2021 • January 20, 2021 • 2 minute read • WILMINGTON, DE - DECEMBER 19: President-elect Joe Biden announces members of his climate and energy appointments at the Queen theater on December 19, 2020 in Wilmington, DE. Biden announced his climate and energy team that will advance an ambitious agenda to address the issues of climate change. Photo by Joshua Roberts /Getty Images
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CALGARY U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported.
The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an early bump in Biden’s relationship with Canada, a key trading partner. Biden had long promised to scrap the permit.
CALGARY U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa s hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an early bump in Biden s relationship with Canada, a key trading partner. Biden had long promised to scrap the permit. Kirsten Hillman, Canada s ambassador to Washington, told CTV that Ottawa was very disappointed. Foreign Minister Marc Garneau, speaking minutes earlier, took a more muted tone, telling CTV that Canada respected and understood the decision.
CALGARY U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of…