John Hofmeister said Biden's move will create huge uncertainty in the energy industry.
Biden is expected to officially cancel the permit for the pipeline as one of his first acts, when he enters the Oval Office later Wednesday.
A lack of pipelines is costing the federal government $13 billion in lost revenue, said Terrazzano.
About 200 km of the pipeline have already been built including a section that crosses the U.S. border from Alberta.
After delaying a decision – causing TC Energy to postpone construction for a year – the federal cabinet Tuesday approved an expansion of the NOVA Gas...
"As a result, the pipeline bottlenecks it is meant to help clear will continue to limit natural gas deliveries and curtail further drilling."
As an Alberta taxpayer, I want $1.5 billion of our money back.
Western Canada Select (WCS) has been trading at historic lows of less than $5/bbl in March.
TC Energy said the company will begin filing applications for regulatory approvals in Canada and the U.S. this year. Barring unforeseen delays, TC Energy anticipates construction...
Officials with TC Energy said the spill is the equivalent of 9,120 barrels of oil, or half the size of a football field.