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Biden s Keystone XL cancellation continues to plague oil companies, with Canadian Natural eating $143M charge The move by U.S. President Joe Biden to cancel the Keystone XL pipeline in January continues to plague Canadian oil companies, with Calgary-based Canadian Natural Resources Ltd. forced to digest a related $143-million charge on its fourth-quarter results on Thursday. Social Sharing The Canadian Press · Posted: Mar 04, 2021 1:27 PM MT | Last Updated: March 5 This file photo shows Canadian Natural Resources Ltd. s Horizon site, about 70 kilometres north of Fort McMurray, Alta., which includes a surface oilsands mining and bitumen extraction plant, and on-site bitumen upgrading. If not for the blemish on its earnings in the last three months of 2020, analysts said the company would have registered a solid beat on expectations driven by strong oilsands mining production and operating cost cuts.(CNRL)

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