Beyond Keystone XL, U.S. policy poses challenges for Alberta oil sector
Payne Institute Senior Research Associate Sara Hastings-Simon writes an opinion piece on the United States new administration’s plan for vehicle electrification that will trigger a dramatic decrease in oil consumption. U.S. President Joe Biden’s move to rescind the approval of the Keystone XL pipeline has been in the spotlight lately, but domestic actions from his new government are poised to have a much more significant impact on the Alberta oil industry. The new administration has announced its intention to dramatically accelerate the electrification of transportation, including passenger vehicles, buses, light and heavy trucks, and rail, and support the build-out of new transportation infrastructure such as high-speed rail across the country. January 27, 2021.