I believe we should let the project continue, which is exactly what I expect will happen in early 2015. The GAO study showed that the U.S. stretches of TC Energy's 2,700-mile Keystone pipeline had a failure rate in line with the national average during its first six years of service, with most of . Related: If Wall Street's right, Obama may nix Keystone. ", "I can see why people make that connection," Nemet said. To review: Keystone XL, a project of the TransCanada Corporation (now TC Energy), was slated to carry oil from Alberta's tar sands across the country to refineries on the Gulf of Mexico. It will also create up to 43,000 jobs, the majority of which will be permanent. In this article, I will dispel the myths and rumors and discuss only the facts. , according to the U.S. Energy Information Administration. ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". BILLINGS, Mont. At the heart of the protests was a knot of environmental concerns from the local to the global. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. Given that the U.S. is siding with Ukraine, this could put a damper on the countrys ability to continue its dealings with Russia. Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. The pipeline will allow the U.S. to substitute Canadian oil for other foreign oil. "They want the additional Canadian barrels to displace higher cost barrels from Venezuela, Mexico or Saudi Arabia," said Allen Good, an oil company stock analyst at Morningstar. It requires more processing than most oil, so producing it emits more greenhouse gases. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. As a result of those environmentally-friendly construction priorities, Keystone XL was said by some to be a "model for green pipelining," the Journal reports. Video shows President Joe Biden recalling an alien encounter. Well get to that in a moment. At the time of the press release, the Government of Alberta had invested $1.1 billion in the project, largely covering the cost of construction through the end of 2020, according to TC Energy. Keystone XL would be Canadas first step in diversifying its energy market. 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. Since these are already in service, whats the problem with this project? As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. "You won't see a lot of environmental organizations jumping up and down and saying, 'Hey, this is the best thing ever,'" Kieve said. It would take six to 10 years for oil from a new lease to hit the global market, Kieve said. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. By claiming that the project was in Phase 4 of construction, the posts seem to conflate the Keystone XL Pipeline with the larger Keystone Pipeline System. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. Washington, DC Environmental activists and indigenous communities hailed the cancellation, and traders and analysts said U.S.-Canada pipelines will have more than enough capacity to handle increasing volumes of crude out of Canada, the primary foreign supplier of oil to the United States (here). The Keystone Pipeline from Canada to the U.S. is not closed. To access the bitumen, Alberta's boreal forests are cut away in enormous strip mines. 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 . On his first day in office, President Joe Biden signed an executive order revoking the permit for the Keystone XL pipeline, halting its construction in the U.S. TC Energy estimated in October that the pipeline would employ 11,000 Americans in 2021, generating more than $1.6 billion in wages. Get this delivered to your inbox, and more info about our products and services. Canada is our largest trading partner and is important to U.S. job creation. The project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. The. The State Department is one of 15 departments under the executive branch of the federal government. It carries crude oil to refineries and terminals. One of them sparked outrage on Facebook over its effect on American jobs. The project received significant backlash from environmental activists and indigenous communities, and was viewed as a hindrance to the U.S. transitioning from using fossil fuels to clean energy. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Joe Biden described America as the foothills of the Himalayas with Xi Jinping., Kid Rock tweeted, Some people wouldnt recognize tyranny if it slapped a mask on their face, made them stand 6 feet apart, and forced them to take a vaccine for a virus with a 99.8% survival rate., The train that derailed in Ohio was carrying over 300,000 gallons of a chemical that was banned in 1974.. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. 2022 CBS Interactive Inc. All Rights Reserved. With inflation soaring, gas prices have been increasing for months hitting an average of$4.33 a gallon on March 11, according to AAA. "It wouldn't be online and wouldn't be pumping oil until the year 2023. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska. The 875-mile pipeline would carry a heavy crude oil mixture from Western Canada to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. The Reuters Fact Check team previously debunked social media claims surrounding the Keystone XL Pipeline, here . Oil and Liquids TC Energy builds and operates safe and reliable energy infrastructure. COVID-19 vaccines "provide zero benefit relative to risk for the young and healthy.". Critics hate it because they fear it will accelerate "dirty" oil production from Canada's oil sands region in Alberta. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. The 11,000 and $2 billion figures cited in the Facebook post are estimates published by the company, but most of the jobs would be temporary. We want to hear from you. As Canada's Natural Resources Minister Joe Oliver recently said, "we export 97 percent of our energy to the U.S. and we would like to diversify that." Those contractors were "responsible for hiring 7,000 union workers. Finally, there are multiple state and county agencies which will consider permits for projects that cross navigable waters (including state streams), state highways or work affecting cultural or natural resources. "The Keystone was not an oilfield it's a pipeline," she responded. 2023 CNBC LLC. Spotted something? Most of those positions would have been temporary construction jobs. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. If only the halt of that project was the sole source of surging energy costs at home and abroad.. "Whenever there is political instability in places that produce a lot of oil, markets react," Nemet said. Canceling the Keystone Pipeline Is a Mistake. Recent estimates are that the project itself will create about 43,000 permanent jobs. ", "We're all mindful of the pain that Americans are feeling at the pump right now, but the best way to eliminate pain at the pump in the long run is to get rid of the pump altogether," Kieve said. "And yet, we still have $100 per barrel oil.". Although I do have an opinion on the matter, which I will share later, facts are facts which cannot be changed. Learn more about Mailchimp's privacy practices here. President Joe Biden signed an executive order on January 20, 2021, revoking the permit for the Keystone XL, which stands for Keystone "export limited," segment of the Keystone system, which is the fourth phase of the system. But both TC Energy and the State Department have said the majority of those jobs would be temporary. Oil sands require more processing than conventional crude. Hence, opponents of this project have taken a well anticipated route, claiming that it will harm the environment. 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. Wind farm construction is a possible cause of dead whales washing ashore in New Jersey. Even in the future, there would be no certainty that the pipeline could produce a net increase of 800,000 barrels a day. Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. In 1991, a pipeline rupture spilled 1.7 million gallons of crude oil into the Prairie River near Grand Rapids, Minn., in the largest inland U.S. oil spill. But it's also true that exports of refined products from the United States will likely continue to rise. At the time Mr. Biden halted its construction, the $8 billion expansion was only about8% complete, according to Reuters. Nor would producers be obligated to sell that entire amount to the U.S. Facebook, Jake LaTurner ad, Feb. 24-Feb. 25, 2022, Email, Mike Howard, communications director, Rep. Jake LaTurner, Feb. 25, 2022, PolitiFact, "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role," Aug. 23, 2021, U.S. Energy Administration, "U.S. Imports by Country of Origin," accessed Feb. 25, 2022, Lead Stories, "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production," Feb. 24, 2022, C-Net, "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? Copyright 2023 CBS Interactive Inc. All rights reserved. The developer has now canceled the controversial project. Climate Change Is Making It Worse, . A Warner Bros. , "This is a landmark moment in the fight against the climate crisis," said Jared Margolis, a senior attorney at the Center for Biological Diversity. The Keystone XL tar sands pipeline is back in full force. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. 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. "The oil is continuing to flow in, just through other means. In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. Spotted something? Most stock quote data provided by BATS. Although the new Congress will likely pass a bill to allow the pipeline to proceed, I expect the President will veto it. President Joe Biden's revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry. The petition was made to the U.S. Department of State because it would cross the U.S. border. In 2015 . 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. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000 barrels of oil sands crude to be carried into the U.S. a day, reports Reuters. But the Trump administration revived the pipeline in early 2017. The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. See who is sharing it (it might even be your friends) and leave the link in the comments. It can be processed to remove the bitumen which can be sent to refineries in two different forms. The Keystone Pipeline System is an oil pipeline system that runs between Canada and the United States. 4 Min Read. "On behalf of our Ponca Nation we welcome this long overdue news and thank all who worked so tirelessly to educate and fight to prevent this from coming to fruition. Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. In summary, Keystone is good for the economy, good for U.S. energy independence, and good for the American consumer. Texas Rep. Dan Crenshaw, who has urged the Biden administration to ramp up domestic oil production, said in a tweet the day before Russia's February 24 attack that the Keystone project would have produced 830,000 barrels of crude per day. St. Petersburg, FL Canada-based TC Energy . The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Lets look at the argument for and against the project. LaTurners office cited reports showing the two figures. The dog dewormer fenbendazole can cure cancer in humans. The US Supreme Court denied a request from the Trump administration to allow construction of the Keystone XL pipeline, upholding a lower court's ruling blocking a permit needed for the project . President Obama is expected to either approve or deny the pipeline by the end of this year. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. Fiery train crash in Greece kills dozens, many of them students, Ex-Georgia star Jalen Carter was racing in deadly crash, arrest warrants allege, Watch Live: Garland testifies amid ongoing special counsel investigations. The portion of the Keystone Pipeline System that's already built runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits. Part of the pipeline runs east through Missouri while the other part runs through Oklahoma and into Texas. It is not shut down. A Division of NBCUniversal. Legal challenges continued against it, further stalling the project. The pipeline carries refined petroleum products such as gasoline, diesel, heating oil, and jet fuel from Houston, Texas, on the U.S. Gulf Coast up to Linden, New Jersey, and serves several markets along the route through various branch lines. In October, the company said it expected to employ more than 11,000 Americans in 2021 and generate more than $1.6 in gross wages. I will give you the facts and you can decide. Offers may be subject to change without notice. By 2012 that number jumped to 3.2 million barrels. BNSF remains a money machine at . The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. Most objections center on the extraction of the oil, but some suggest the project will only make the U.S. more dependent on fossil fuels. As issues continue to emerge, the spin is spun and citizens of this once united nation find themselves at odds with neighbors, friends, coworkers and even family. That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. "But there is a recognition that those types of actions may have some impact on the prices that Americans are paying at the pump.". In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. We rate it Half True. It opened: The Keystone Pipeline in North Dakota was shut down after it leaked oil. None of this means Warren Buffett had anything to do with Biden's decision to spike the Keystone Pipeline. News provided by The Associated Press. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. As mentioned, the pipeline will connect to existing Keystone Mainline and increase the transport of oil sands from Canada and the Midwest to the Gulf Coast. Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. The punishing economic sanctions imposed by the West on Russia for its invasion ofUkraine have roiled global energy markets, with a U.S. ban on Russian oil imports further pushing up gas prices for Americans. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port. The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. Without support from the U.S. government, its effectively halted. The total capacity of both is expected to be about 1.3 million bpd. 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