This article was last updated on April 16, 2022
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Analysts are projecting that Obama’s veto for TransCanada Corp.’s Keystone XL pipeline would make things easier for the upcoming Prime Minister of Canada, Justin Trudeau, as he aims to reset the relationship with the neighbouring country. Trudeau has mentioned at various occasions that the outgoing Conservative Prime Minister, Stephen Harper, was responsible for strained relationship between Canada and the U.S.
Trudeau’s Liberal Party defeated Harper’s Conservatives with an unexpected surprise majority gained on Monday night. He is anticipated to re-establish the relationship with U.S. President Barack Obama, which could more sensibly focus on key issues other than the pipeline like trade and climate, following the Keystone XL veto. According to assistant professor at the University of Calgary’s Haskayne School of Business, James Coleman, “it probably is the case that the sooner it happens, the better for him.” He added that “if it’s going to be rejected, which I think most people think it is, the sooner the better so it can be attributed to Harper.”
Keystone XL transports 830,000 barrels a day of diluted bitumen from Alberta to the U.S. refineries. The pipeline became a bone of contention between Harper and Obama. In his remarks, Harper stated that the approval of Keystone was a “no-brainer” and that he wouldn’t “take no for an answer” from Obama. These comments by Harper further fuelled the controversy over the pipeline and provided leverage to the opponents of the pipeline like Nebraska ranchers and environmentalists.
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