Hence, opponents of this project have taken a well anticipated route, claiming that it will harm the environment. We need your help. "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. Because the pipeline was a major infrastructure project that crossed a U.S. border, it needed a so-called presidential permit from the State Department. District of Columbia The project must also be in the national interest of the United States. TC Energy's 1,210-mile Keystone XL pipeline would have had a capacity of 830,000 barrels per day with crude oil originating from Hardisty, Alberta, and heading to Steele City, Nebraska, where it would then be shipped to U.S. Gulf Coast refineries. Fourth is the U.S. The Keystone XL pipeline was expected to act as an extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Nebraska.. inaccurate stories, videos or images going viral on the internet. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. Opinions expressed by Forbes Contributors are their own. To access the bitumen, Alberta's boreal forests are cut away in enormous strip mines. So the idea that somehow the president's position on the pipeline that would still not be pumping oil emboldened Vladimir Putin to invade Ukraine is so far-fetched as to be incredible.". Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. The agency will release a total of 60 million barrels of crude to help ease some of the supply disruptions caused by the war Ukraine. TC Energy swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charge related to the suspension of Keystone XL. Copyright 2023 CBS Interactive Inc. All rights reserved. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Bidens order revokes the permit that was grantedMarch 29, 2019, by then-President Donald Trump on the grounds that it is harmful to the environment. It did not specify exactly how many jobs would be lost. The 875-mile pipeline would carry a heavy crude oil mixture from . We reached out to the user who published the post for their evidence, but we didnt hear back. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. For years, the Obama administration faced pressure to approve the project from Canada, the oil and gas industry and its political allies while also getting enormous pushback from environmental and other activists, including major Democratic donors. On his first day in office, President Joe Biden signed an executive order canceling the Keystone XL Pipeline Project. That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. (RELATED: Macron Trolls Trump, Says Biden Can Help 'Make Our Planet Great Again') If the oil ends up getting moved anyways, just via a different method, it could actually be worse . TC Energy said more than 1,000 people are out of work because of Bidens executive order. Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. CALGARY/NEW YORK (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other . ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". The project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. Let us know!. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). A revised permit was resubmitted in May 2012 which contained an alternate route. It's. First, the arguments against the project. Is the Keystone Pipeline closed and is that causing a gas shortage? LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. A 2014 report found that the company would need only 50 employees to maintain the Keystone XL pipeline once its finished, 35 of them permanent. BILLINGS, Mont. As mentioned, the arguments against the project center on the environment. BNSF remains a money machine at . Spotted something? The Drought In The Western U.S. Is Getting Bad. The environmental argument is studied by five groups. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. ", Feb. 26, 2022, Alberta.ca, "Pipeline Project - Keystone XL," accessed Feb. 28, 2022. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. The war in Ukraine also plays a role, although it was not the instigator of the increase. TORONTO (AP) Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office. Biden's. Oil Change International investigated this issue in a report that found the Keystone XL pipeline was part of a larger strategy to sell increasing volumes of Canadian crude on the international diesel market. The Keystone Pipeline in North Dakota was shut down after it leaked oil. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Thanks for signing up. Its demise comes as other North American oil pipelines, including Dakota Access and Enbridge Line 3, face continued opposition from environmental groups. President Joe Biden in January 2021 revoked the permit for an add-on to the Keystone system, but the rest of the system is still running. It requires more processing than most oil, so producing it emits more greenhouse gases. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. All times are ET. Ramped up domestic oil production and new supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels . The developer of the Keystone XL pipeline announced Wednesday it is pulling the plug on the controversial project after the Biden administration revoked its permit in January.. TC Energy, the . Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. Although it has been months since Biden revoked the permit needed to finish the Keystone XL pipeline, the war between Ukraine and Russia has lawmakers suggesting that the project be resurrected. By late 2019, the Nebraska State Supreme Court seemed to clear one of the last hurdles for Keystone XL by approving its route through the state. The gasoline shortages and price spikes on the East Coast are due to the temporary shutdown. Opponents suggest it will harm the environment. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. keep you informed with the latest alerts and progress reports. The pipeline system. Oil sands crude emits about 17% more greenhouse gases than traditional oil, according to the U.S. State Department, largely due to the heat it takes to separate the oil from the sand. The first is the Gulf Coast Project. This group is responsible to issue permits for sections of the project that require placement of dredge and fill materials in waters of the U.S. including wetlands or for pipeline that crosses navigable waters. ", Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. And right now in Minnesota there are protests around Enbridge's Line 3 project that's under construction. President Obama is expected to either approve or deny the pipeline by the end of this year. The pipeline was set to carry oil 1,200 miles (1 . "We remain disappointed and frustrated with the circumstances surrounding the Keystone XL project, including the cancellation of the presidential permit for the pipeline's border crossing," Alberta Premier Jason Kenney said in a statement. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. The. In this article, I will dispel the myths and rumors and discuss only the facts. (AP) The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8. At the time Mr. Biden. The vote was one shy of passage at 59-41. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. Learn more about Mailchimp's privacy practices here. This dental device was sold to fix patients' jaws. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. Its shares closed largely flat on the Toronto Stock Exchange. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. Spotted something? Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. The developer has now canceled the controversial project. But it's also true that exports of refined products from the United States will likely continue to rise. TC Energy Corp., the Canadian company that owns the Keystone XL pipelinewith the Alberta government, has said more than 1,000 people are out of work because of Bidens executive order. We want to hear from you. Note: if reading this fact check makes you want to contact us to complain about bias, please check out our Red feed first. Keystone XL, a US$8-billion oil pipeline that was set to flow from Alberta to Nebraska, is officially scrapped, the project's owner, TC Energy, confirmed on Wednesday. Keystone XL would have passed through Nebraska, and for years, a coalition of Indigenous tribes, ranchers and local environmentalists demonstrated, lobbied and sued to halt the pipeline's construction. Since the State Department defines "job" as "one position that is filled for 1 year," that would equate to approximately 3,900 jobs over a two-year period. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. On his first day as the 46th President of the United States, Joe Biden signed an executive order revoking permission for the construction of the Keystone XL oil pipeline, an $8 billion, a 1,200-mile-long project that was supposed to carry up to 830,000 barrels of oil per day. The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas . Gasoline is actually one of the nation's largest exports, going mostly to Latin America. Rather, experts say gas prices are high due to other factors such as the global spike in the cost of crude oil and increased demand after pandemic lockdowns ended. The Keystone XL pipeline was. The State Department estimated full-time permanent jobs to be closer to 50. All rights reserved. One of the most important facts that is missing in the national debate surrounding the proposed Keystone XL tar sands pipeline is this Keystone XL will not bring any more oil into the United State for decades to come. Solid green shows the full length in operation and the dotted green line shows the proposed Keystone XL project that was halted in January 2021: Lead Stories has debunked other false claims about the Keystone Pipeline projects impact on gas prices here and here. was to carry about 830,000 barrels a day of . The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. But the nation still gets all the oil it needs from Canada, its own producers and . A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. / CBS News. The Keystone XL pipeline was designed to transport oil to the Gulf Coast because refineries in the region are already equipped to process heavier crude oils, like those found in Canada's Alberta . In fact, the Keystone Mainline is 1,353 miles of 30 pipe which extends from Hardisty, Alberta to refineries in Wood River and Peoria, Illinois. Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. An estimate from the Canadian Energy Research Institute in 2011 estimated that new oil sands development in Canada would create about 444,000 new U.S. jobs and generate about $521 billion in U.S. government revenue over the next two decades. Once refined, it'll be impossible to tell exactly where the oil that came down the pipeline went, but "with more oil, that [export] number will increase," said Milne. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. It's generally cheaper to transport oil by pipeline than by ship, so refiners would likely opt for the Canadian crude. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. 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