Kenney voiced his fear that Biden’s action could be the first of many job-killing actions targeting pipelines. TransCanada shut down the pipeline on Wednesday between Steele City, Neb., and Patoka, Ill., and dispatched crews to assess the situation, company spokesperson Terry Cunha said in an email. Jason Kenney, premier of the oil-rich province of Alberta, said late Tuesday he urged Trudeau to tell Mr. Biden that "rescinding the Keystone XL … This week, the future of Keystone XL is murky, at best. $1.5 billion and another $6 billion in loan guarantees. After purchasing the pipeline, Ottawa had to bridge those gaps or take the financial loss. If a project is valuable but stalled because of investor risk, governments "can clear that hurdle by just taking the equity stake to move the project right away," said Thibault. Kenney is urging the Biden team to be open-minded and respectful to Canada, but he has also said this might end up being a legal battle. Trudeau and Kenney both set out to achieve the same thing. “One thing we’re concerned about are political forces trying to decommission a number of other safe pipelines that have been operating for decades. “There was a permit, legally approved [for the Keystone XL Pipeline]. The 590,000 barrels-per-day Keystone pipeline is a critical artery taking Canadian crude from northern Alberta to U.S. refineries. "But the question is, how risky is that to the public investment itself? On Keystone, Trudeau Folds While Kenney Fights, Jason Kenney's Diplomatic Response to Biden, Biden Vows to Kill Keystone XL if Elected. Pseudonyms will no longer be permitted. Alberta Premier Jason Kenney delivers a statement on the construction of the long-delayed 8 billion dollar Keystone XL crude oil pipeline project, in Calgary, Alberta, Canada March 31, 2020. For Trudeau, the project was the Trans Mountain expansion, which would carry crude from Edmonton to the Vancouver area. The fact that it was a campaign promise makes it no less offensive. We ship about, nearly $100 billion worth of energy to the U.S. every year. Alberta Premier Jason Kenney says the federal government 'folded' in response to U.S President Joe Biden's decision to revoke the Keystone XL pipeline. Alberta Premier Jason Kenney calls for compensation amid cancellation of Keystone XL – Jan 22, 2021 For Alberta, the implications of Keystone XL’s cancellation cuts even deeper as … Kenney's been hammering away at the official account of this cancelation so that the shapers of Canadian opinion like the CBC can't just settle on a win some/lose some narrative, and then go back to cheering on Biden for not being Trump. It's the same export constraint dilemma that prompted Alberta Premier Rachel Notley in 2019 to commit $3.7 billion to lease thousands of rail tank cars from CN Rail and Canadian Pacific Railway, another investment with considerable financial exposure. Box 500 Station A Toronto, ON Canada, M5W 1E6. Just as the price of oil was going negative, Kenney’s United Conservative Party (UCP) government invested C$1.5 billion in the pipeline and pledged $6 billion in loan guarantees. In the federal government's [Trans Mountain] case, not especially risky because they have a lot of control over the outcome. Kenney has been making the rounds on American television, pointing out that the U.S. and Canada have "the biggest bi-lateral trade relationship in world history," and that "the biggest part of that trade is Canadian energy exports." In the case of the Trans Mountain expansion, the project faced legal and regulatory hurdles resulting from a lack of proper consultation with Indigenous groups and an inadequate environmental assessment. President Donald Trump was a key ally of the project, but Democratic challenger Joe Biden was a vocal critic. “As friends and allies of the United States we are deeply disturbed that one of President Biden’s first actions in office has been to rescind the presidential permit for the Keystone XL pipeline border crossing,” Kenney said. Not only is Trans Mountain in the federal government's jurisdiction, but Ottawa has more regulatory power than a provincial government. Kenney says Trudeau told him he strongly supports Keystone and agrees cancelling a pipeline already crossing the border would “create a troubling … Comments are welcome while open. The 1,947-kilometre pipeline is designed to carry 830,000 barrels a day … With the current Keystone Pipeline ending in Port Arthur, Texas, Kenney said, many of the refineries in that region are designed to process "heavy crude" oil from Canada. They poured, I mean, Tom Steyer spent upwards of $200 million in the election cycle six years ago to try to get Obama to veto Keystone XL successfully. Alberta Premier Jason Kenney is urging incoming U.S. President Joe Biden to follow through on a commitment to hear Canada out on the merits of the Keystone XL pipeline … Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Alberta's government also recently approved more than $1 million to hire influential Capitol Hill lobbyists and communication experts to help win support in Washington for the pipeline and other trade interests south of the border. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Alberta's ownership stake in the Keystone XL pipeline that would stretch south to Nebraska came together last year as Calgary-based developer TC Energy also faced considerable uncertainty. More importantly, trying to change the mind of the incoming administration, at this point, seems almost futile. Both face similar environmental opposition based on the risk of a spill contaminating waterways, and concern that such projects will encourage and prolong North America's dependence on fossil fuels that contribute to climate change. The project was first proposed in 2005 by the Calgary, Alberta-based TransCanada Corporation, and was approved by Canada's National Energy Board in 2007. Alberta Premier Jason Kenney wants U.S. president-elect Joe Biden to give the Canadian government a chance to make the case for building the Keystone XL pipeline. The key difference between Trans Mountain and Keystone XL was in how much control each government had to manage that uncertainty. Under 'Critical Race Theory,' Racist Medicine. The Keystone XL pipeline would be longer, but the Trans Mountain expansion must navigate complicated terrain through the Rocky Mountains. Oil production has continued to increase almost every year, outpacing growth in export pipeline capacity. After the Obama administration blocked the Keystone permit, its owner, at the time TransCanada, used NAFTA’s investor-state dispute settlement process to seek $15 billion in damages, dropping it after Trump reversed the decision. He would, no doubt, prefer the economic boost of the pipeline as a boon to his own reputation but not having to make a tough decision which could alienate either Canadian voters or the environmentalist left might be good enough for him. Tom Finnerty writes from New England and Ontario. The Keystone XL pipeline never made sense for either the U.S. or Canada.” Saskatchewan Premier Scott Moe said it’s “incredibly troubling” that TC Energy has suspended work on Keystone XL. When it comes to getting this project built, we will not flag. Jason Kenney: They poured tens and tens of millions of dollars into Lawfare, into legal harassment of various pipeline projects, both domestic here in Canada and crossing the border. The Alberta government became an investor to spur TC Energy to move ahead with construction of the pipeline. We will get the job done. Kenney brought the money to the table to help Keystone XL, but there was little else he could provide. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Kenney's comments come shortly after Biden revoked the federal construction permit for the Keystone XL pipeline, which if constructed would have shipped 830,000 barrels of … Kenney can point out he was trying to save a … Prime Minister Justin Trudeau and Alberta Premier Jason Kenney both decided their governments would take ownership stakes in two different pipeline projects stuck in limbo. Construction on the long-disputed Keystone XL oil pipeline has been halted as U.S. President Joe Biden revoked its permit. Comments on this story are moderated according to our Submission Guidelines. He's challenged the PM to do his job and fight for Canada. Climate advocates and energy analysts alike were stunned on March 31, when Premier Jason Kenney announced that the Alberta government was investing billions more public dollars in the Keystone XL pipeline, a risky and unnecessary oil pipeline owned by Calgary-based TC Energy Corp. The deals are similar in nature and intent, but so far, it's a tale of two pipelines with very different prospects. It is very frustrating that one of the first acts of the new President was, I think, to disrespect America’s closest friend and ally, Canada. "I don't really understand how people could be surprised considering Biden has been promising this since May," said James Coleman, an associate professor of energy law at Southern Methodist University in Texas. One month later, a deal was struck for the federal government to become the sole owner in an attempt to keep the project from flatlining. Kenney's appeals to Trudeau's patriotism are admirable, but unlikely to hit home. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. He's covered stories across the country and internationally. Justin is, ultimately, a post-national man, and so loath to come to blows with the new, respectable Leader of the Free world. Yet with Biden’s snap decision to terminate the Keystone XL pipeline project, Biden has sent a clear signal that ‘leading the world’ may be more important than ‘consulting with allies’. An analysis by RBC Capital Markets on Sunday said if Biden rescinds the presidential permit, the best outcome for TC Energy's stock would be for the company to walk away from the project. But only one of the leaders had significant control over what happened next. Kyle Bakx is a Calgary-based journalist with CBC's network business unit. Investments were made on that basis,” he said. Most pointedly, he's called out Trudeau's handling of the whole affair, and couching it not in the language of lazy partisanship we're so familiar with, but in the language of patriotism and duty. The portion of the Keystone XL pipeline that crosses the Canada-U.S. border between Montana and Saskatchewan was installed last summer. "If the project ends, there would be assets that could be sold, like, for example, enormous quantities of pipes," Kenney said on Monday. Aside from the issue of control, there are few differences between the projects. We don't understand it. Alberta Premier Jason Kenney, meanwhile, is going on offense, and he's trying to provoke the Prime Minister into following his lead. Benjamin Thibault, an environmental consultant in Alberta, describes it as the indemnification of political risk. Still, the two share a unique history in that their respective governments both took ownership stakes in multibillion-dollar oil export pipelines. The legal basis of Kenney’s argument is also unclear. Since Ottawa took ownership, there have been many hurdles, but the project is progressing. Please note that CBC does not endorse the opinions expressed in comments. And to kill good-paying union jobs on both sides of the border and ultimately to make the United States more dependent on foreign oil imports from OPEC dictatorships. Keystone XL would have been a significant safe, modern increase in that shipment. We will not relent. Plan to cancel Keystone Xl pipeline will impact Canada-U.S. relations, the Canadian economy and tens of thousands of jobs, says Alberta Premier Jason Kenney. It's certainly in character. For an example, this letter Kenney wrote to Trudeau: By retroactively revoking the permit for this project without taking the time to discuss it with their longest standing ally, the United States is setting a deeply disturbing precedent for any future projects and collaboration between our two nations. There is little to nothing Kenney can do to influence the ongoing legal issues south of the border. Audience Relations, CBC P.O. Kenney was aware of the political risk and he had a plan. With its ownership stake in Keystone XL, Alberta would at least have a seat at the table for that courtroom bout. In the provincial government's [Keystone] situation, very risky because you have very little control over the outcome.". Biden, who will be inaugurated on Wednesday, plans to pull the presidential permit for the pipeline during his first day in office as part of a slew of executive orders to reverse Trump policies. Alberta Premier Jason Kenney and Prime Minister Justin Trudeau rarely see eye to eye, often sparring over a variety of issues from financial and economic policy to health care and the environment. Biden and his team have repeatedly said they'll scrap the project, a move welcomed by environmentalists who say Keystone is a threat to the fight against climate change, Last weekend, TC Energy announced the project would achieve net-zero emissions across its operations "when it is placed into service in 2023.". I strongly urge you to ensure that there are proportionate economic consequences in response to these unfair U.S. actions. Developer Kinder Morgan halted development in April 2018 in the face of legal and regulatory challenges, in addition to political opposition in B.C. Not only were court challenges south of the border holding up the project, the U.S. presidential election posed a significant risk. Alberta Premier Jason Kenney says cancelling the Keystone pipeline will lead to the U.S. depending on 'OPEC dictatorships' for oil in the future. Meanwhile, Trudeau still has buyers lined up to purchase Trans Mountain whenever he chooses to cash in the investment. If Biden pulls the Keystone XL permit this week, as expected, the Alberta government will likely have to take a loss on the pipeline and write-down the investment. For instance, here's Kenney at a press conference after Biden's E. O. was signed: Let's be clear about what happened today: The leader of our closest ally retroactively vetoed approval for a pipeline that already exists, and which is co-owned by a Canadian government [the province of Alberta], directly attacking by far the largest part of the Canada-U.S. trade relationship, which is our energy industry and exports. THE PIPELINE is dedicated to exposing the Environmentalist Movement's undermining of freedom and prosperity across the Anglosphere and beyond. For several years, there has been a need for more oil export capacity out of Alberta, a situation causing oil producers to take a discount on their product, which also results in fewer royalties and tax revenue for the provincial and federal governments. Kenney has said the province has about $1 billion at risk if the project is killed. Kenney's comments come shortly after Biden revoked the federal construction permit for the Keystone XL pipeline, which if constructed would have shipped 830,000 barrels of … Within a month, US presidential hopeful Joseph Biden had pledged to cancel the pipeline. Premier Jason Kenney expressed concerns following the cancellation of the Keystone XL pipeline by the Biden Administration on Jan. 20. The cost? Article tags: Alberta, environmentalism, Jason Kenney, Joe Biden, Justin Trudeau, Keystone pipeline, patriotism, Wexit, Your email address will not be published. Both pipeline projects may have been shelved or outright cancelled if not for the two governments stepping up, since the private investment community wasn't willing to accept the risk both projects presented. 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