Revival of Keystone XL Oil Pipeline Project
President-elect Donald Trump plans to revive the Keystone XL oil pipeline project on his first day in office, fulfilling a campaign promise and igniting his pledge to lower energy costs. The project has a long political history, with President Barack Obama's initial rejection in 2015 and subsequent reversals by Trump and Biden. Trump sees reviving the project as a way to drive a pro-oil message and defy Biden.
Key Points
- Keystone XL pipeline project set to be revived by President-elect Donald Trump
- Long political history with Obama's rejection, Trump's approval, and Biden's revocation
- Trump aims to drive a pro-oil message and defy Biden by reviving the project
Pros
- Fulfillment of a campaign promise
- Potential to lower energy costs
Cons
- Controversy around eminent domain rights and land acquisition
- Opposition from climate movement