"The Keystone was not an oilfield it's a pipeline," she responded. A Division of NBCUniversal. It will also create up to 43,000 jobs, the majority of which will be permanent. 2023 CNBC LLC. Dec. 11, 2022, 8:21 PM PST. The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC EnergyAs of March 2020, the Government of Alberta. BNSF remains a money machine at . This caused the fuel shortages on the East Coast of the United States. All Rights Reserved. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. The total capacity of both is expected to be about 1.3 million bpd. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. The Keystone XL pipeline was designed to carry tar sands oil from Alberta, Canada, to Nebraska, where it would have connected to the Keystone Pipeline System. Now for the issue that has polarized America. The entire system without the XL extension stretches about 2,687 miles in total length. 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 . But they also grapple with the destruction of Alberta's forests and health effects that some researchers say could be linked to the strip mining. While the Dakota Access pipeline is moving oil out of North Dakota now, its future is uncertain because of court challenges that still haven't been resolved. The project has become a matter of intense debate in the United States. hide caption. 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 pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. David Kieve, president of advocacy group Environmental Defense Fund Action, also told CBS News that building out the Keystone pipeline would not have softened the impact the Ukraine crisis is having on fuel prices. Partly false. Not only did the revocation of the Keystone XL pipeline project permit reportedly hurt the Canadian and Alberta economies, but it cut thousands of jobs for Canadians and Americans. I believe we should let the project continue, which is exactly what I expect will happen in early 2015. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Please select all the ways you would like to hear from Lead Stories LLC: You can unsubscribe at any time by clicking the link in the footer of our emails. The Keystone XL pipeline would have been a new way for one Canadian energy firm to ship oil to the United States. In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. Although I do have an opinion on the matter, which I will share later, facts are facts which cannot be changed. These groups argue that the lifecycle greenhouse gas emissions associated with the development of Canadian oil sands is harmful to the environment compared to conventional oil or renewable fuels. Get browser notifications for breaking news, live events, and exclusive reporting. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. stated on February 26, 2023 an Instagram post: stated on February 8, 2023 a Facebook post: stated on February 7, 2023 a post on Facebook: stated on February 6, 2023 an Instagram post: stated on January 25, 2023 an Instagram post: stated on February 4, 2023 a Facebook post: stated on January 27, 2023 a Facebook post: stated on January 23, 2023 an Instagram post: stated on January 15, 2023 an Instagram post: stated on January 12, 2023 a Facebook post: stated on January 5, 2023 a Facebook post: stated on January 3, 2023 a video shared on Instagram: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: stated on February 15, 2023 in a Facebook post: stated on February 26, 2023 in a video on Facebook: stated on February 25, 2023 in an Instagram post: stated on February 18, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, Russian President Vladimir Putin intercepts adrenochrome shipment headed to United States., "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role,", "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production,", "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? 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. Lets skip to the main arguments for and against and you can decide for yourself if this project is warranted or if it should be denied. Ive also heard opponents say that the project will not create very many high-quality or long-lasting jobs. The oil and gas industry forms the basis of a tight economic bond between the U.S. and Canada, which made the progress of Keystone XL such a protracted, high-stakes fight. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. The pipeline was set to carry oil 1,200 miles (1 . 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. 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. But it's also true that exports of refined products from the United States will likely continue to rise. TC Energy said more than 1,000 people are out of work because of Bidens executive order. 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 . 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. Three of the phases have now been completed, while the fourth one, an extension known as the Keystone XL (which stands for Keystone export limited), was cancelled in 2021. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. The Keystone pipeline leaked an estimated 9,120 barrels of oil, or roughly 383,000 gallons, in North Dakota in late October . Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. 4 Min Read. Keystone pipeline shut after oil release into Kansas creek On Wednesday evening oil started spilling into a creek near the pipeline in Washington County, Kan., about 240 kilometres. The pipeline will allow the U.S. to substitute Canadian oil for other foreign oil. Keystone XL will provide the U.S. with direct pipeline access to the secure and growing Canadian crude output and decrease our dependence on foreign oil from Mexico and Venezuela (the two largest oil exporters into the Gulf Coast). The announcement ends a more than decade-long battle that came to signify the debate over whether fossil fuels should be left in the ground to address climate change. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. For the . Although the extraction of oil sands is increasing in the U.S., transportation options from the Midwest to the Gulf Coast are limited. The State Department is one of 15 departments under the executive branch of the federal government. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. The 1,200-mile Keystone XL Pipeline was designed to mirror that,. On day one, President Biden canceled the Keystone XL Pipeline. By 2012 that number jumped to 3.2 million barrels. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. Updated on: March 17, 2022 / 11:57 AM 1894 shipwreck found in Lake Huron, confirming "powerful, tragic story", Bipartisan Senate group unveils rail safety bill in response to Ohio derailment, Top Dems push Fox News to stop promoting "propaganda" about 2020 election, What to know about Shigella bacteria as drug-resistant strain spreads, Pandemic-era food benefits end for millions of Americans as costs rise. In the weeks following U.S. President Joe Biden's decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project "was in Phase 4 & just about completed". The purpose of the pipeline was to transport oil from Canada that is currently being transported some other way. Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. 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. Natural Resources Defense Council 2023 Privacy Policy Fourth is the U.S. an award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. The question is, If the thousands of miles of existing pipeline has been in use and the environment seems to be unaffected, why should Keystone XL suddenly be the project that ruins the planet? "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. Thirty-five of them would be permanent, while 15 would be temporary contractors. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska. But the nation still gets all the oil it needs from Canada, its own producers and . 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.". Canada-based TC Energy . Heres point number one: The Keystone XL Pipeline is nothing new. At the heart of the protests was a knot of environmental concerns from the local to the global. A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. Refining analysts say both. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. Data is a real-time snapshot *Data is delayed at least 15 minutes. When Canadian regulators at the National Energy Board (NEB) considered the Keystone XL proposal in 2008, they asked TransCanada to justify another pipeline when there was already so much spare capacity. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. Though the Keystone Pipeline XL had secured full funding through 2022, only 8% of it had been built by the time President Biden revoked the projects permit in the United States. Kristi Noem went a step further than Crenshaw, writing in a February 24op-edfor Fox News that in halting the Keystone XL pipeline Mr. Biden was "signaling to the world that American energy independence is no longer a priority.". Had construction continued, the pipeline would have entered service in 2023. "And yet, we still have $100 per barrel oil.". I ask, why not? District of Columbia In short: Most of the estimated jobs were temporary. Well get to that in a moment. Copyright 2023 Market Realist. No, that's not true. The vote was one shy of passage at 59-41. 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. Instead, they're a tarry fossil fuel called bitumen that's mixed in with clay, sand, rock and together, can be hard as a hockey puck. By 2011, Keystone XL had upended that quiet bureaucratic process. Thanks for signing up. Building the Keystone XL pipeline would have fostered the expansion of the Canadian oil sands industry by increasing access to U.S. markets and international ones through exports from the Gulf Coast. It threatened to seep into the Mississippi. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. 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. Although Alberta is now on . Those in favor of the pipeline have several diverse points which bolster their opinion. Which argument is right? You'll receive your first NRDC action alert and Most stock quote data provided by BATS. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? Both of these forms can be transported by pipeline. "And supply doesn't always quickly respond to that kind of shock in demand.". ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". LaTurner said in an ad: The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. 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