Keystone XL, Dakota Access are at risk of cancellation or shutdown under a Biden administration
President-elect Joe Bidens campaign promise to phase out oil probably signals the end of the long-delayed Keystone XL oil pipeline and threatens the future of Dakota Access, another major crude conduit. Obstructing pipeline projects is one way Mr. Biden could accelerate Americas shift toward renewable energy, by making oil more difficult and expensive to move around. Other policies that require legislative signoff would be more challenging to implement unless Democrats won control of the Senate. In the absence of legislation, youre going to try to do what you can through administrative action, said Christine Tezak, managing director at energy research firm ClearView Energy Partners LLC. Mr. Bidens campaign has said he would revoke a presidential permit that Keystone XL needs to cross th...
Read More