- Trump announced plans to revive the Keystone XL pipeline during trade talks with Canada, claiming it as a win in negotiations.
- In a post on his Truth Social platform, Trump stated that Canada and the U.S. 'have a DEAL!' regarding the pipeline.
- The Keystone XL pipeline, which could bring more than 800,000 barrels of additional oil from Alberta to the U.S., was first approved by Canada’s energy regulator in 2010.
- In January 2021, former president Joe Biden revoked Keystone XL’s presidential permit, halting U.S. construction.
- By June 2021, TC Energy officially terminated the project, with both parties seeking to recover losses from the cancellation.
- The Keystone XL pipeline faced years of challenges from U.S. landowners, Indigenous leaders, and environmental groups before it was ultimately canceled.
- Experts have questioned the feasibility of reviving the project, suggesting that Trump's announcement may be politically motivated with the U.S. midterms approaching.
- Richard Masson, former CEO of the Alberta Petroleum Marketing Commission, stated that whatever Keystone XL might be coming out of the ground from Trump may be nothing more than what’s already in place.
Former President Donald Trump has claimed that the Keystone XL pipeline revival is part of ongoing trade negotiations with Canada, announcing on his Truth Social platform that a deal is imminent. He stated, 'I have paused the 50 per cent Tariffs against Canada... based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!'1234568
However, experts are skeptical about the feasibility of the project. Derek Holt, vice president and economist at Scotiabank, noted, 'Trump’s post merely says the two countries have a deal while intimating that the Keystone XL pipeline is back on.' Richard Masson, former CEO of the Alberta Petroleum Marketing Commission, added, 'Whatever Keystone XL might be coming out of the ground from President Trump may be nothing more than what’s already in place.'910
The Keystone XL pipeline, which could transport over 800,000 barrels of oil daily from Alberta to the U.S., was initially proposed nearly 20 years ago. It faced significant opposition from U.S. landowners, Indigenous leaders, and environmental groups, leading to its cancellation by President Biden in 2021. One-fifth of the oil consumed daily in the U.S. comes from Canada, highlighting the importance of this project in energy discussions. Trump’s push for revival may also be politically motivated, as the U.S. midterms approach, despite having previously signed an executive order to approve a new pipeline utilizing existing Keystone infrastructure.
The Keystone XL pipeline was first approved by Canada’s energy regulator in 2010.
“Trump's announcement on Truth Social suggests a deal with Canada, but experts like Derek Holt express skepticism about the pipeline's revival. Meanwhile, the project, which could transport over 800,000 barrels of oil daily, faced significant opposition from landowners and environmental groups before its termination.”
globalnews.ca
