The Keystone XL pipeline project has long been a sticking point in both Canadian and American politics.

It has been a hot potato for successive American presidents, and Alberta Premier Jason Kenney bet big, with more than a billion in investment, plus loan guarantees.

But now, the new U.S. president has put a stop to it.

Calgary Herald columnist Chris Varcoe joins me to discuss Joe Biden’s motives for cancelling the project, what the ramifications are for Canada’s oil industry, and what it means for Alberta Premier Jason Kenney.

BACKGROUND READING:  Varcoe: Keystone XL is shot down, and the target turns to other pipelines

TC Energy and Alberta face long odds if they sue U.S. government over cancelled Keystone XL

Learn more about your ad choices. Visit megaphone.fm/adchoices