Even while expected by many, President Joseph Biden’s decision to revoke the Keystone XL’s (KXL) permit—effectively killing the project—was a blow to the oil and gas industry’s system.

“Killing 10,000 jobs and taking $2.2 billion in payroll out of workers pockets is not what Americans need or want right now,” Andy Black, president and CEO of the Association of Oil Pipe Lines, told Hart Energy.

“The Keystone XL pipeline disserves the U.S. national interest,” said Biden’s executive order, signed soon after he was sworn in on Jan. 20. The order expresses the administration’s intention to “exercise vigorous climate leadership” on a global scale to achieve a sustainable climate pathway. “Leaving the Keystone XL pipeline permit in place would not be consistent with my Administration’s economic and climate imperatives.”

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access