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 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.