US oil and gas fears end of the line for big pipe projects
Biden administration moves quickly on election promise to clamp down on sector
As a string of infrastructure projects hits the buffers, America’s oil and gas industry is facing up to an uncomfortable new reality: the era of building big new pipelines has probably come to an end.
Joe Biden moved quickly last week to cancel the contentious Keystone XL oil pipeline, delivering on a campaign promise to curb emissions and put the clamps on the oil and gas industry’s growth.
Days later, a federal court in Washington ruled against the Dakota Access Pipeline (DAPL), another high-profile project that has been fiercely opposed by both Native American and environmental groups. The judge said it needed a new environmental review, putting another big oil infrastructure decision on Biden’s desk...