Type to search

Keystone XL Oil Pipeline Halted After Biden Revokes Permit

Business Canada Companies Economies Economy Joe Biden Keystone XL Oil pipeline US US News World

Keystone XL Oil Pipeline Halted After Biden Revokes Permit


The long-disputed Keystone XL pipeline’s construction was halted Wednesday after President Joe Biden revoked the construction project’s permit. Keystone XL President Richard Prior said over 1,000 jobs will be eliminated in the coming weeks. “We will begin a safe and orderly shut-down of construction,” he said in a statement to The Associated Press. According to the Association of Oil Pipe Lines’s CEO Andy Black, the move is tantamount to “killing 10,000 jobs and taking $2.2 billion in payroll out of workers’ pockets [and] is not what Americans need or want right now.” The pipeline was first proposed in 2008 but reached a snag under the Obama administration. President Donald Trump revived the project and has been a strong proponent of the measure—with the support of Canadian Prime Minister Justin Trudeau. “We are disappointed but acknowledge the president’s decision to fulfill his election campaign promise on Keystone XL,” Trudeau said in …

Leave a Comment

Your email address will not be published. Required fields are marked *