Canada convinces US to continue construction of Keystone XL oil pipeline

Canadian Prime Minister Justin Trudeau and his people are pressuring the incoming U.S. administration to reconsider the cancellation of the construction of the Keystone XL oil pipeline. Joe Biden is reportedly planning to give the pipeline a red light in line with his beliefs about fossil energy sources.

The Keystone XL pipeline is owned by Canadian company TC Eneregy Corporation. According to the Canadian side, the eventual end of the project would pose a threat to canadian jobs and worsen Canadian-American relations.

“We understand the promise that Joe Biden made in his presidential campaign to cancel this project,” Canadian Prime Minister Justin Trudeau said. Biden is a well-known opponent of fossil fuels, which outgoing President Donald Trump has supported.

But Trudeau said he plans to talk to the new US president about the Keystone XL oil pipeline in the coming days, according to Reuters. “I firmly believe that our arguments will be heard and taken into account when deciding the fate of the project,” Trudeau added. The governor of the Canadian province of Alberta, Jason Kenney, has threatened legal action if the US side halts the project. Trudeau declined to comment on whether he would support the effort.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Porsche’s global sales fell by 15 percent in the first quarter

Global sales of German luxury sports car manufacturer Porsche...

What Is Fiat Money and Why It Has Value

Fiat money forms the foundation of the modern economy....

Licensed crypto services provider crypto4me simplifies cryptocurrency purchasing

Crypto services provider crypto4me has, shortly after launching its...

Who Is Satoshi Nakamoto? New Evidence Links Bitcoin to a British Cryptographer

The mystery that has fascinated the crypto world for...

Banca Creditas’ net profit surged sixfold to 4.6 billion CZK

Banca Creditas saw its net profit jump to a...
spot_img

spot_imgspot_img