A Hard Truth: Keystone Pipeline Owner Calls Biden's Energy Policy Into Question

As President Biden reportedly prepares to tout his administration’s climate change goals with fellow G-7 summit leaders, the head of one of America’s largest energy companies laid out Biden’s renewable energy implications.

"It's really important to present the facts," TC Energy CEO Francois Poirier said Thursday on "Mornings with Maria." "You have to bring a little bit of reality to the conversation."

Poirier and his company had owned and operated the Keystone XL Pipeline project before Biden’s administration halted its construction. According to the CEO, they lost the ability to transport 800,000 barrels of crude oil per day from Canada to the U.S. Gulf Coast.

While advocating for an "all-of-the-above approach" to gaining greater American energy independence, Poirier also emphasized the important role natural gas plays in that equation.

America's natural gas can not only help reduce emissions, he argued, but also provide energy security to the world — which Poirier additionally indicated as the message President Biden should give at the G-7 summit this week.

"Politicians have a very difficult job trying to balance the needs and ideologies of seven different countries. What I can tell you on the ground, we talk to investors, we talk to policymakers, we talk to consumers of energy around the world, and it's very clear that they want U.S. natural gas to displace fuel oil and coal," Poirier explained, "thereby giving them energy security as well as lowering their emissions."

Climate change goals and the shift to renewable energy was a top priority at the G-7 summit last year, too, as a White House press release noted President Biden discussed climate initiatives as one of the "pillars" of the 21st century.

Talks last year reportedly detailed "tackling the climate crisis and bolstering global energy security through investments in climate resilient infrastructure, transformational energy technologies, and developing clean energy supply chains across the full integrated lifecycle."