Biden's Keystone XL pipeline cancellation is gut punch to small businesses

DORCHESTER, Neb. – While opponents of the long-controversial Keystone XL Pipelinecheered its cancellation by President Biden's administration, others like Nebraska truck driver Chris Olsen shook their heads in dismay.

"Any of these people that work on the pipeline, all the sudden they're not making money so they're not spending money," Olsen told Fox News. "So the community they live in is going to have less money coming in."

On his first day in office, Biden signed an executive order revoking federal permits for the project, which would bring heavy Canadian crude from the Alberta tar sands through Montana and South Dakota to link up with existing pipelines at Steele City, Neb.

The executive order reads, in part, "Leaving the Keystone XL pipeline permit in place would not be consistent with my Administration's economic and climate imperatives."

Biden's decision reversed a 2017 executive order by former President Donald Trump, which itself reversed an Obama administration decision blocking the project begun in 2008.