![The government of Canadian Prime Minister Justin Trudeau has promised to defend the Keystone XL pipeline project [File: Scott Dalton/Bloomberg]](/wp-content/uploads/2021/01/367353132-1.jpg?resize=570%2C380)
The Canadian province that invested in the crude pipeline is looking to sell it to recoup some of its $1.1 billion.
Oil and Gas
![A depot used to store pipes for the Keystone XL oil pipeline is seen in Gascoyne, North Dakota, in January 2017 [Terray Sylvester/Reuters]](/wp-content/uploads/2020/11/2017-01-26T120000Z_893315584_RC199BCF1600_RTRMADP_3_USA-TRUMP-PIPELINE-TRANSCANADA.jpg?resize=570%2C380)
US President-elect Joe Biden plans to nix contentious oil pipeline on his first day in office, Canadian media reported.
![The Keystone XL pipeline was cancelled by the Obama administration in 2015 but was given a presidential permit by Trump in 2017 [File: Andrew Burton/Getty Images]](/wp-content/uploads/2021/01/367330478.jpg?resize=570%2C380)
The project, which was rejected by Obama administration for contravening climate change goals, was...
![China National Offshore Oil Corporation (CNOOC) is among the companies and individuals being sanctioned by the US for alleged misdeeds in the South China Sea [File: Stringer, third party/Reuters]](/wp-content/uploads/2021/01/2019-02-01T060629Z_684683033_RC15D73FC600_RTRMADP_3_CHINA-OIL-EXPLORATION-1-1.jpg?resize=570%2C380)
China oil giant CNOOC, phone maker Xiaomi, other firms and officials punished for military links,...
![PDVSA's logo is seen at a gas station in Caracas, Venezuela, where President Nicolas Maduro is seeking to attract investments to the OPEC nation [File: Ivan Alvarado/Reuters]](/wp-content/uploads/2021/01/pdvsa.jpg?resize=270%2C180)
Venezuela may allow contractors to operate state-owned PDVSA fields, sources tell Reuters.
![Leading the decline was the transportation sector, which saw a sharp emissions drop of 14.7 percent from 2019 levels as travel diminished, the Rhodium Group report found [File: Eduardo Munoz/Reuters]](/wp-content/uploads/2021/01/covid.jpg?resize=270%2C180)
US emissions fell by 10.3 percent as the coronavirus pandemic halted activity, a report from the Rhodium Group found.
![Banks could tackle plastic pollution by making loans contingent on ambitious reuse and recycling schemes, and by lobbying governments to support such measures, says Portfolio.earth [File: Pauline Mpungu/Al Jazeera]](/wp-content/uploads/2020/12/DSC_3332.jpg?resize=270%2C180)
Environmental campaigners want banks to clamp down on lending to plastics industry, similar to their action against oil.
![Environmentalists and native Alaskans, including Gwich’in people who consider the area sacred, had warned oil companies they would face public recrimination for pursuing coastal plain drilling rights [File: US Fish and Wildlife Service via AP]](/wp-content/uploads/2021/01/AP_20237765925572.jpg?resize=270%2C180)
Major oil companies steered clear of the sale, which was an unprecedented move by outgoing US President Donald Trump.
![Exxon's petroleum-product emissions in 2019 were the highest of all large Western oil firms, its data show, but it said the figures 'do not provide meaningful insight into the company's emission-reduction performance' [File: Bloomberg]](/wp-content/uploads/2021/01/367060704.jpg?resize=270%2C180)
Exxon’s emissions from petroleum-product sales in 2019 were about the same as those for all of Canada, its data show.
![China Telecom is one of the three Chinese telecommunications companies that the New York Stock Exchange has decided to retain, reversing a decision to delist the companies following an executive order by US President Donald Trump [File:Bobby Yip/Reuters]](/wp-content/uploads/2021/01/2018-08-20T084140Z_914829288_RC17DDFF0BD0_RTRMADP_3_CHINA-TELECOM-RESULTS.jpg?resize=270%2C180)
Qatar stocks rise on deal with Saudi Arabia to reopen travel links, oil prices hold firm ahead of OPEC+ output decision.
![In a last-minute move, the Trump administration has opened up more Alaska land for oil leasing [File: Lucas Jackson/Reuters]](/wp-content/uploads/2021/01/2011-03-18T120000Z_1412872298_GM1E73I148H01_RTRMADP_3_USA.jpg?resize=270%2C180)
The Trump plan allows leasing in the largest lake in Arctic Alaska which has been off-limits since the Reagan era.
![Conservationists will try to persuade a US judge on Monday to stop the Trump administration from issuing leases to oil and gas companies in the Arctic National Wildlife Refuge [File: Devin Powell/NOAA via AP]](/wp-content/uploads/2021/01/AP_19092032225962.jpg?resize=270%2C180)
Conservation groups describe the sale as a last-minute push by the Trump administration to help secure drilling rights.
![Chinese oil giants could be delisted from the US following an executive order by President Donald Trump barring investments in firms with ties to the Chinese military [File: Nelson Ching/Bloomberg]](/wp-content/uploads/2021/01/367016156.jpg?resize=270%2C180)
Chinese oil firms Cnooc, PetroChina and Sinopec may be removed from US exchanges due to military links, analysts say.
![After their last summit, OPEC+ members agreed to increase production by half a million barrels a day in January [File: Joe Klamar/AFP]](/wp-content/uploads/2021/01/000_1BF1EN.jpg?resize=270%2C180)
Meeting comes amid uptick in prices towards the end of last year despite markets remaining uncertain.