Is Trump really planning to revive Keystone XL? And is there even life left in that pipeline plan?

Politics and GovernmentPolitics and Government

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Is Trump really planning to revive Keystone XL? And is there even life left in that pipeline plan?

Is Trump really planning to revive Keystone XL? And is there even life left in that pipeline plan?

^{Published on 2024-12-01 12:31:24 - Brian Stokes, N@N}

There's talk in Washington that president-elect Donald Trump plans to revive the Keystone XL pipeline project that would transport oil from northern Alberta to the U.S. midwest. Even setting aside Trump's proposed 25 per cent tariff on Canadian goods,

The article discusses the potential revival of the Keystone XL pipeline by former President Donald Trump, should he win the 2024 presidential election. The Keystone XL pipeline, which was intended to transport oil from Alberta, Canada, to Nebraska, USA, was canceled by President Joe Biden in 2021, reversing Trump's earlier approval. Despite its cancellation, Trump has expressed intentions to reinstate the project, arguing it would boost American energy independence and create jobs. However, the pipeline faces significant hurdles including legal challenges, environmental opposition, and the fact that TC Energy, the company behind the project, has already begun to dismantle parts of the infrastructure and has incurred substantial financial losses. Additionally, the project's economic viability is questioned due to changes in oil market dynamics, with less demand for Canadian oil sands and a shift towards renewable energy sources. The article also notes skepticism about the project's revival due to these factors, alongside the broader political and environmental implications of such a decision.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/is-trump-really-planning-to-revive-keystone-xl-and-is-there-even-life-left-in-that-pipeline-plan/ar-AA1v3Gsd ]