The pipeline's construction has drawn opposition from many Native American and First Nations leaders.
What is Biden planning to do?
Montana Senator Steve Daines issued this statement: "It's only day one, and with the stroke of a pen, Biden has already taken steps to kill American energy projects like the Keystone XL Pipeline which is critical to energy producing states like Montana", Daines said.More news: Alibaba's Jack Ma appears for first time since regulatory crackdown
He will also return the United States to the Paris climate agreement - a global pact on cutting carbon emissions - reversing another decision by Mr Trump, who took the U.S. out of the accord on 4 November previous year. Jon Tester, urged Biden not to make a final decision on the pipeline until "meeting with supporters and opponents", a spokesman wrote in an email.
Alberta Premier Jason Kenney called the news of the cancelled Keystone XL project "a gut punch" and perhaps nowhere is that being felt more immediately than in Oyen. TC Energy says the Keystone XL pipeline would be capable of delivering 830,000 barrels of crude oil per day from Hardisty to Steele City. From there, the oil would travel via existing pipelines to reach refineries around the Gulf of Mexico. "It's more a confirmation of what most assumed after the election", said a source at TC Energy.
In his first day in office, newly sworn in President Joe Biden moved swiftly to undo several actions put forth by his predecessor Donald Trump.More news: Djokovic Says Demands For Australian Open Players 'Misconstrued'
However, Jones says there is still optimism that the project can be restarted if political pressure succeeds.
"The Keystone XL pipeline never made sense for either the US or Canada". Prime Minister Justin Trudeau said on Tuesday that Canada was pressing people at the highest levels of Biden's incoming administration to reconsider canceling the $8 billion project. TC Energy said the decision would lead to layoffs for thousands of unionized construction workers.
Reaction from political leaders in Canada's oil and gas heartland was swift. "I expect they will certainly discuss the important relationship with Canada as well as his decision on the Keystone Pipeline that we announced today", she said.More news: The supermodel shares sweet snap with baby daughter and says she's 'obsessed'
"I believe this will send a concerning signal to infrastructure developers that resonates far beyond our project and will stifle innovation for a practical transition towards sustainable energy", said KXL President Richard Prior in the email, sent on Wednesday and seen by Reuters. At one point, advertisements in support of Keystone XL, paid for by Canada, were splashed throughout the Washington DC metro system.