The content of the article continues
There are always good reasons to be suspicious about the latter. Some are called Northern Gateway, Energy East, Bill C-48 and Bill C-69.
But it may be a little early to do that. Trudeau and Biden are scheduled to speak on Friday.
It’s hard to imagine a reversal of the American decision, but maybe there’s something nice about Toronto.
There is a principle here that has never favored Keystone. When you spend a lot of money to sell something to a single customer, the same buyer can always decide to buy elsewhere.
It seems that Joe Biden’s America, just like those Quebecers, prefers to buy oil from abroad than from Western Canada.
So Biden killed Keystone. But the absolute Donald Trump made it easier for him.
Former President Barack Obama canceled the Keystone project in 2015. In 2017 Trump returned it.
The project began its long journey in the regulatory hell in the US, and won many approvals along the way.
But Trump has also hurt energy projects by many other means unrelated to Keystone. It began with the rampant repeal of environmental regulations and promoted the rebirth of coal.
On Wednesday, in the same presidential decree that upheld Keystone, Biden told agencies to check and cancel more than 100 Trump actions.
The new president linked Keystone in an orderly (and unfair) way to outrageous environmental negligence.
Keystone is a responsible project that is in line with the goal of fueling a medium-term green energy transition with oil and gas revenues (policies, by the way, approved by Trudeau’s liberal government, Kenny’s UCP, and Rachel Nutley’s opposition NDP).