Despite Keystone XL loss, Canadian energy will shape the future

In January, U.S. President Joe Biden cancelled the Keystone XL pipeline on his first day in office. Canada and the United States lost a project that has been in the works for over a decade.

Keystone XL would have been one of the safest and most studied pipeline projects in history. It would have generated billions of dollars in economic benefits on both sides of the border, delivered responsibly produced Canadian oil to markets that need it, and created thousands of much needed jobs.

The president and CEO of the Canadian Energy Pipeline Association says President Biden’s decision was an act of backward-looking political symbolism. In an op-ed that was published in the Calgary Herald, Chris Bloomer talks about how the loss of Keystone XL is far from the end of the energy industry and lays out why oil and gas will be a critical part of the low-carbon future.

Bloomer explains that “a transition of this magnitude will take time, money and, yes, energy. This transition cannot happen without Canada’s oil and gas industry — and pipelines are at the centre of that industry.”

He lays out several examples of how Canadian companies are using innovative technologies to reduce emissions and deliver responsibly produced energy the world needs.

Read Chris Bloomer’s article here.