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© Reuters. A depot is located in Gascoyne where pipes for Transcanada Corp.'s proposed Keystone XL oil pipeline. be stored
(Reuters) – U.S. President-elect Joe Biden plans to revoke approval for the Keystone XL pipeline through executive action on his first day in office, CBC News reported on Sunday, citing sources.
A sticky note from the Biden transition team became widely circulated over the weekend after it was shared with US stakeholders by the new president's team, the Canadian broadcaster reported.
The words "Rescind Keystone XL Pipeline Approval" appeared on a list of executive actions expected to be scheduled on the first day of Biden's presidency, according to the report https: //.
Biden's transition team did not immediately respond to a request for comment on the report.
The Keystone pipeline is operated by TC Energy (NYSE 🙂 Corp. operated. The $ 9 billion project to move oil from Alberta to Nebraska has been slowed down by legal issues in the United States.
When Biden took office on Wednesday, he faced a potential fatal blow if he took his vow to remove the president's permission from the oil pipeline.
Former Democratic President Barack Obama stopped the project in 2015, stating that Canada would get most of its economic benefits, while the project would increase greenhouse gas emissions.
Outgoing Republican President Donald Trump granted presidential permission in 2017 that allowed the line to move forward, and several environmental groups sued the U.S. government.
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