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1/18, 8:00 PM (Source: TeleTrader)
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Biden to abolish Keystone XL pipeline - report

United States President-elect Joe Biden is planning to rescind the disputable Keystone XL pipeline, a multibillion-dollar project that outgoing President Donald Trump signed on his first week as president, the Washington Post reported on Monday, referring to anonymous individuals familiar with the decision.

Biden's plan to revoke the cross-border permit will disrupt the entire project, which aligns with the new administration's climate and environmental control policy. Anticipating democrats' actions, TC Energy, the company building Keystone XL, has promised to run the pipeline entirely on renewable energy by 2023.

Meanwhile, the officials of Canadian province Alberta, whose grounds are directly involved in the project, stated they might file a lawsuit against the US if Keystone XL is closed down.

Breaking the News / LH