The Canadian company behind the Keystone XL oil pipeline said Wednesday it has suspended work on the pipeline in anticipation of incoming President Joe Biden revoking its permit. Mr. Biden’s Day One plans included moving to revoke a presidential permit for the pipeline.
The 1,700-mile pipeline would carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.
“As a result of the expected revocation of the Presidential Permit, advancement of the project will be suspended,” the Calgary, Alberta-based company said in a statement.
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