The Daily Chase: Biden to block Keystone XL; Bank of Canada decision day
On a day when the worldâs eyes will be on D.C., Joe Biden is making good on his pledge to block the Keystone XL pipeline. Early this morning, his administration released a laundry list of executive orders that will be signed today hours after heâs sworn in as president of the United States. As expected, the revocation of KXLâs presidential permit is on that list, and lands after readouts from Prime Minister Justin Trudeau and Alberta Premier Jason Kenneyâs conversation late yesterday show the two leaders are saying all the right things about pushing Canadaâs interests â but without any immediate payoff for the energy sector. And shortly after 9am today, TC Energy spoke out in a release, saying it will consider its options on KXLâs future, while suspending its advancement and warning it could book a âsubstantiveâ first-quarter charge.