U.S. President Donald Trump and former U.S. Vice-President Joe Biden have offered two vastly different plans on oil and gas. Biden has vowed to invest more than US$1 trillion to combat climate change and transition away from oil and gas, while Trump is vowing to expand U.S. production of fossil fuels, particularly on offshore drilling.
The two candidates have also made clear their opposing views on the Keystone XL pipeline, a multi-billion dollar project that would transfer more than 800,000 barrels per day of crude oil from Alberta to Nebraska. Biden has vowed to cancel it, while Trump wants to see it built as soon as possible.
Experts say the fate of Keystone XL would have major implications for Canada. In March, Alberta announced an investment of US$1.5 billion into the project in hopes of having the pipeline operational by 2023.
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