Why would a President cancel a pipeline that has pledged to turn itself into America’s first all-renewable energy interstate/international pipeline system
Reacting to President Biden’s decision, Thomas Pyle, President of the American Energy Alliance, put it this way: “The Keystone pipeline is nearly completely built and an important link for North America’s economic security
In a press release issued on Sunday, TC Energy, the owner and operator of the Keystone XL System made a series of strong environmental and labor-related pledges in a last ditch attempt to head off the looming presidential order to cancel its permit. Among those commitments were the following:
The Keystone XL System would achieve net-zero emissions in its operations by the year 2023;
While the net-zero goal would be achieved largely through the trading in renewable energy credits, the system would become fully powered by new investments in renewable energy capacity by 2030;
A promise to “spur an investment of over US$1.7 billion in communities along the Keystone XL footprint creating approximately 1.6 gigawatts of renewable electric capacity, and thousands of construction jobs in rural and Indigenous communities;”
The company also committed to “working with union labor in the U.S. and Canada,” pointed to the fact that “Keystone XL has also signed a Memorandum of Understanding (MOU) with North America’s Building Trades Unions (NABTU) to work together on the construction of TC Energy owned or sourced renewable energy projects
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