CALGARY — Observers say the election of Joe Biden as U.S. president likely spells the end of the Keystone XL oil pipeline, but his environmental agenda will help Canadian energy companies better compete with their American rivals.
John Baird, a former minister of foreign affairs in the Stephen Harper government who is now a senior adviser for law firm Bennett Jones, says Keystone XL is a high-profile target for Biden's administration and he will likely carry through with his campaign pledge to withdraw its presidential permit.
Biden was vice-president in the Barack Obama government which delayed Keystone XL for years before rejecting it in 2015, a decision that was reversed when Donald Trump became president.
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