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US President Biden revokes Keystone XL pipeline permit.

US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office.

The pipeline had been projected to carry oil nearly 1,200 miles (1,900km) from the Canadian province of Alberta down to Nebraska, to join an existing pipeline.

Environmentalists and Native American groups have fought the project for more than a decade.

Development of the pipeline was blocked by the Obama administration in 2015, but President Trump overturned that order and allowed it go ahead.

What is Keystone XL?


A planned 1,179-mile (1,897km) pipeline running from the oil sands of Alberta, Canada, to Steele City, Nebraska, where it would join an existing pipe. It could carry 830,000 barrels of oil each day.

It would mirror an existing pipe, also called Keystone, but would take a more direct route, boosting the flow of oil from Canada.

A section running south from Cushing in Oklahoma to the Gulf of Mexico opened in January 2014. At the coast there are additional refineries and ports from which the oil can be exported.

The pipeline was set to be privately financed, with the cost of construction shared between TransCanada, an energy company based in Calgary, Alberta, and other oil shippers. US-produced oil would also be transported by Keystone XL, albeit in smaller quantities than Canadian.

In the mean time, the Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.

“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney said in a press conference. “That would offset construction costs.”

Alberta, home to the world’s third-largest crude reserves, has struggled for years with a lack of pipeline capacity to ship its crude to the U.S. Gulf Coast and other markets. TC Energy Corp.’s Keystone XL was one of the possible pipelines the industry was counting on to solve that.

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