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Keystone Steele City pumping station in Steele City, Neb., on Nov. 3, 2015. (Nati Harnik / THE CANADIAN PRESS / AP) CALGARY, ALBERTA — 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. Keystone XL, owned by TC Energy Corp, is already under construction in Canada, and would carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Opposition from U.S. landowners, Native American tribes and environmentalists has delayed the project for the past 12 years. Former Republican President Donald Trump revived the project, but it still faced ongoing legal challenges. TC Energy, in a statement issued before […]
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