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Biden revokes KXL permit in blow to Canada's oil sector, Ottawa disappointed


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Dont forget the cancer from the windmills.

Just another stupid thing he is doing for the greenies. Yes we want more and more wind power and more and more dead birds.

10,000 temporary jobs.  Not very many permanent ones, and lots of potential for environmental damage.    Great decision.  Let's pursue green options instead.

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10 hours ago, webfact said:

Biden revokes KXL permit in blow to Canada's oil sector, Ottawa disappointed

By Rod Nickel and Nia Williams

 

2021-01-20T225421Z_3_LYNXMPEH0J1CA_RTROPTP_4_USA-BIDEN-KEYSTONE.JPG

FILE PHOTO: A depot used to store pipes for the planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota, January 25, 2017. REUTERS/Terray Sylvester/File Photo

 

CALGARY, Alberta (Reuters) - U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported.

 

The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an early bump in Biden's relationship with Canada, a key trading partner. Biden had long promised to scrap the permit.

 

Kirsten Hillman, Canada's ambassador to Washington, told CTV that Ottawa was "very disappointed." Foreign Minister Marc Garneau, speaking minutes earlier, took a more muted tone, telling CTV that Canada respected and understood the decision.

 

Keystone XL, owned by TC Energy Corp, is already under construction in Canada, and would carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Opposition from U.S. landowners, Native American tribes and environmentalists has delayed the project for the past 12 years.

 

Former Republican President Donald Trump revived the project, but it still faced ongoing legal challenges.

 

TC Energy, in a statement issued before the revocation, expressed disappointment with a move it said would overturn a regulatory process that had lasted more than a decade.

 

The Calgary-based company said it will suspend construction and warned there could be a "substantive" predominantly non-cash, after-tax charge to earnings in the first quarter of 2021. TC Energy said the decision would lead to layoffs for thousands of unionized construction workers.

 

TC Energy stock closed down 1.2% at C$55.92 in Toronto while the benchmark Canadian share index edged up 0.3%

 

"Killing 10,000 jobs and taking $2.2 billion in payroll out of workers' pockets is not what Americans need or want right now," Association of Oil Pipe Lines Chief Executive Andy Black said.

 

Canada, the world's fourth-largest crude producer, ships most of that output to U.S. refineries. In 2019, the U.S. brought in 3.8 million bpd from Canada, more than half its daily imports of 6.8 million bpd.

 

Canadian producers, who have struggled for years from low prices partly related to sometimes-congested pipelines, have long supported KXL.

 

Producer Suncor Energy said it backed expanding market access to the U.S. through pipelines like KXL, which would provide responsibly sourced oil to U.S. refineries for the benefit of U.S. consumers.

 

But a Canada Energy Regulator report in November report said western Canadian crude exports are expected to remain below total pipeline capacity over the next 30 years if KXL and two other projects proceed, prompting environmental groups to question the need for all three.

 

Canadian Prime Minister Justin Trudeau said on Tuesday that Canada was pressing people at the highest levels of Biden's incoming administration to reconsider canceling the project.

 

Canadian Environment Minister Jonathan Wilkinson on Tuesday expressed optimism the two countries could work cooperatively in areas such as clean electricity, decarbonization of industry, transportation and methane emissions.

 

Alberta Premier Jason Kenney threatened legal action on Monday if Keystone XL was scrapped.

 

(Additional reporting by Timothy Gardner in Washington and David Ljunggren in Washington; Editing by Steve Orlofsky, Jonathan Oatis and Marguerita Choy)

 

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-- © Copyright Reuters 2021-01-21
 

It’s the right decision for US interests.  If Canada wants to sell their oil then build a pipeline across Canada to sell to Asia and Europe.  Canada put too many of their eggs in the energy basket and are now paying the price for that strategy.  Maybe this will curtail the irresponsible spending habits of the current Canadian government.

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They can always save the oil for later.  When the  sun stops shining or the wind stops blowing, it should stay safely underground for several million years.  So then our decendants can thank us for it.

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Unfortunately with or without the pipeline, the oil will move.  Instead of a pipeline it will move via trucks or trains which will be more prone to accidents, derailments and environmental damage. Yes, this is politically correct and will be welcome by the Progressives in his Party but this is very short sighted  

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1 hour ago, Slain said:

They can always save the oil for later.  When the  sun stops shining or the wind stops blowing, it should stay safely underground for several million years.  So then our decendants can thank us for it.

If the Sun stops shining there won't be any descendants...'cause we'll all be dead. But yes, the oil will then stay underground.

As far as the Canadians are concerned, after a few tries this and that way, they'll probably find some alternative after a while.

Anthropogenic Enhanced Global Warming is much more complex than just oil considerations, having Windmills and solar panels. What has happened is that we have reached a point, some say almost critical, but our energy providing/ industrial technology has not kept pace with the need for alternatives.

P.E. Biden was wrong in his speech about the the planet crying out for its survival. Instead of making that soft, somewhat emotional approach he should have spoken of the reality. The planet isn't crying out for its survival, it is warning us of our survival...the planet will survive even if we don't.

Edited by TKDfella
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3 hours ago, vandeventer said:

Just another stupid thing he is doing for the greenies. Yes we want more and more wind power and more and more dead birds.

A study published in 2009 looking at the US and Europe estimated that wind farms were responsible for about 0.3 bird deaths for every 1GWh of electricity generated, compared with 5.2 deaths per 1GWh caused by fossil-fuelled power stations...

Another study in 2012 came to a similar conclusion, finding that fossil-fuel powered plants killed birds during mining, through onsite collision, electrocution with plant equipment and poisoning.

Putin: Is he right about wind turbines and bird deaths? - BBC News

 

Wind Power Results In Very Few Bird Deaths Overall

Fossil fuel and nuclear power plants actually cause more bird deaths than wind power. They also threaten the very ecosystems bird species rely on. Furthermore, bird deaths from wind turbines have dropped considerably (per kWh) as the technology has matured, and annual bird death totals from cats, windows, and vehicles each dwarf annual bird death totals from wind power.

Wind Power Results In Very Few Bird Deaths Overall (cleantechnica.com)

 

On the other hand, according traditional Thai teaching, waterfowl are grouped together with fish rather than other birds. So maybe all those winged animals killed by oil spills aren't really birds after all.

 

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47 minutes ago, Marknreston said:

Unfortunately with or without the pipeline, the oil will move.  Instead of a pipeline it will move via trucks or trains which will be more prone to accidents, derailments and environmental damage. Yes, this is politically correct and will be welcome by the Progressives in his Party but this is very short sighted  

Given that the economic outlook for petroleum is not bright - the major oil companies have all been writing down or evening writing off the value of their more expensive reserves - making tar sands oil more expensive to exploit will discourage the extraction of oil from them.

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10 hours ago, 1Gringo said:

good.

 

if Canada wants/needs that nasty, dirty sludge turned into gas, then Canada should just build a refinery next to the supply.

Alberta would welcome the opportunity to expand it's petrochemical industry and refinery operations adding value to its oil and sell refined products to the world market. However, 1) refined product still needs to get to market in a pipeline instead of the expensive and environmentally more dangerous rail option, and 2) there is already enough refinery capacity elsewhere specifically in the Gulf, in need of heavy oil feedstock.

 

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4 hours ago, pacovl46 said:

Great! Canada does already more than enough damage to the environment with their effed up oil tar sand operations! 

Modern methods of heavy oil extraction for new operations involves in situ recovery. Steam and diluent injection with a very small surface footprint. The forests are undisturbed with no environmental damage unlike surface mining.

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