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IPFS News Link • Climate Change

Buffett Wins: Biden Set To Cancel Keystone Pipeline Permit On First Day Of Office

• by Tyler Durden

But, as @Greekfire23 points out this morning, "that's not how we operate down here" because according to Reuters, "Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day."

The words "Rescind Keystone XL pipeline permit" appear on a list of executive actions likely scheduled for the first day of Biden's presidency, according to an earlier report by the Canadian Broadcasting Corp.

Biden - who was vice president in the Obama administration when it rejected the project as contrary to its efforts to combat climate change -  had earlier vowed to scrap the oil pipeline's presidential permit if he became president. In 2015, Barack Obama axed the project saying Canada would reap most of the economic benefits, while the project would add to greenhouse gas emissions.

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