U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking. Bryan Wood reports.
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President-elect Joe Biden may fulfill a pledge to cancel the Keystone XL pipeline permit via executive action on his first day in office, reports say.
The Canadian province that invested $1.1 billion of taxpayers’ money in the Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.
The Keystone XL pipeline, halted by President Joe Biden on his first day in office, has become a lightning rod nationally as part of the debate over climate change and the use of fossil fuels.