Source: Dan Healing The Canadian Press, globalnews.ca, January 22, 2021
Alberta Premier Jason Kenney has said the province has about $1 billion at risk if the project is killed.
Western Canada’s oil producers will likely cope better with Joe Biden’s cancelling of the Keystone XL presidential permit than they did with the same move by ex-president Barack Obama in 2015, an industry analyst says.
But Phil Skolnick, a New York-based analyst for Eight Capital, agreed with other observers that the end of the pipeline will stifle investment and production growth for years in the Canadian oilpatch.
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