Canadian Prime Minister Justin Trudeau on Friday expressed his "disappointment" with President Biden's executive order to rescind permits for the Keystone XL pipeline, in a readout of the president's first official call with a foreign leader.

Why it matters: The prime minister has long backed the pipeline meant to carry crude oil from Alberta to Nebraska. Biden, however, campaigned on the cancellation of the Keystone XL pipeline.

The first phase of the Biden administration plan to thwart new oil and natural gas permitting on federal lands has arrived.

Driving the news: An Interior Department order Thursday imposes a 60-day freeze on new drilling permits, leases, lease extensions and other actions, though it "does not limit existing operations."

President-elect Biden will issue an executive order on Wednesday to rescind permits for the controversial Keystone XL pipeline as one of his first acts on his first day in office.

Why it matters: The move is a major development in a longtime fight over a controversial pipeline that began under the Obama administration. It reverses some of President Trump's own first actions aimed at advancing the project upon taking office in 2017.

Here's a big question now that Total is bailing on the American Petroleum Institute: Will any other big companies also leave?

Catch up fast: Total, the French multinational, said Friday that differences over climate policy prompted the decision to end its membership.

Oil-and-gas giant Total said this morning that it's leaving the American Petroleum Institute, which is the industry's most powerful U.S. lobbying group.

Why it matters: It's the biggest rupture yet between European-headquartered multinational oil majors and U.S.-based trade groups over climate policy.

This week brought new signs of multinational oil majors' deepening push into offshore wind.

Driving the news: France's Total is teaming up with Spain-based global power giant Iberdrola to develop what they say will be one of the world's largest offshore wind farms off Denmark's coast.

Fresh U.S. government projections of U.S. oil production underscore how it will be a long time before the country again reaches its record pre-pandemic output — if ever.

Why it matters: The Energy Information Administration's outlook published Tuesday provide the first glimpse at where they see U.S. output in 2022 — at a substantial, but nowhere near complete, recovery.

A federal judge on Tuesday denied a bid to thwart the Interior Department's plan to sell oil drilling leases in Alaska's Arctic National Wildlife Refuge.

Why it matters: District court judge Sharon Gleason's ruling clears the way for the Interior Department to unseal bids tomorrow for drilling rights in the region.

2021 can't be worse for oil companies than 2020, but wow is that a low bar, and a new survey shows that executives see a mixed picture ahead.

Driving the news: U.S. prices hit their highest levels since February early today before receding.

This week brought a new and maybe decisive turn in a high-stakes fight over how much oil and mining companies should reveal about payments to foreign governments.

Driving the news: The Securities and Exchange Commission voted 3-2 Wednesday to finalize disclosure rules required under the 2010 Dodd-Frank financial law. But the panel's Democrats and human rights groups called it too weak.