This action is a huge blow to the tar sands overall, and if the other pipeline gets too many set backs the tar sands might actually fold from lack of investment.
I had literally zero hopes for Biden, and this is already a net good. Consider me surprised.
It's a single pipeline that had already failed, Nixon created the EPA, you really want to play around with this logic?
It's been profitable for developers to date. And the Alberta line would connect the west coast of Canada to the lucrative Gulf Coast refinery/shipping network.
Cancellation is pissing a lot of O&G guys in the Mid/Southwest off.