According to unnamed figures close to the President-elect, Trump may be trying to resurrect the Keystone XL pipeline project as soon as his first day in office.
The Keystone XL was officially canceled after Biden revoked a key permit allowing for the U.S stretch of the project which starts from Alberta, and crosses into Nebraska, ending in Texas.
Alberta Premier Danielle Smith has recently promoted the idea of increasing pipeline capacity without naming the Keystone XL project.
Pierre Poilievre, who is poised to become Canada’s next Prime Minister within a year, has said that he would repeal anti-pipeline bill C-69, which has killed numerous natural gas and oil projects in the Western provinces.
With changing policy positions inspired by new Conservative leadership, investors and media speculators are becoming more optimistic that Keystone XL or a similar project will be successful in the coming years. Canadian businessman and television personality Kevin O’Leary said in an interview with Fox Business that he believes the pipeline will not be called KeyStone XL, but may be under a new name.
He also highlighted the role of Alberta Premier Danielle Smith as a rockstar, who’s been taking matters into her own hands since Trump was elected, regularly meeting with American governors to discuss opportunities around energy policy.
It is time to get that BUFFON that is our PM out, gone,
The Cancellation of the XL Pipeline by Biden was a Criminal Act. The US Federal government is being sued by several US states. TC energy received all legal approvals to build the pipeline. Then TC energy built about 70% of the pipeline and spend 5 billion $. Then Joe Biden cancelled it. No government, except governments like China are allowed to do things like this. Cancellation of this pipeline made NO sense! Joe did it, because OPEC gave him Millions and Millions to do this. The US is a big customer of OPEC, and OPEC wants to keep it that way. Trump wants this Pipeline built, so he will make it happen.