President-elect Donald Trump is planning to revive the Keystone XL oil pipeline on day one of his new administration, people familiar with his plan told Politico.
President Joe Biden rescinded Trump’s 2017 approval of the pipeline on his first day in office in January 2021, citing concerns that burning oil sands crude would worsen “climate change.” Critics have blamed Biden’s “war on energy” for contributing to the skyrocketing price of energy and everyday goods.
The 1,200-mile Canada-to-Nebraska project would have moved up to 830,000 barrels (35 million gallons) of crude oil daily. After Biden canceled the permit in 2021, TC Energy, the company behind the pipeline, announced it would no longer continue construction.
François Poirier, the CEO of TC Energy, celebrated Trump’s reelection, saying the former president “understands” the importance of energy and “energy security.”
“[Trump] is very focused on affordability. He understands the role that energy plays, and energy security, on the international stage,” Poirier said this week. “Having the free flow of energy between the three countries in North America is very important. And having more supply of oil and gas from Canada will help contribute to lower prices in the U.S.” […]
— Read More: freebeacon.com
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