"Stop importing from Russia, start producing more," he tweeted in early March. The Keystone XL pipeline, which is owned by TC Energy Corp (NYSE: TRP), was reportedly less than 10 percent built when Biden pulled the plug on the project. We want to hear from you. Had construction continued, the pipeline would have entered service in 2023. inaccurate stories, videos or images going viral on the internet. The. Copyright 2023 Market Realist. "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. Got a confidential news tip? Some ask why should it proceed? 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. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. "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. A Facebook post says that Bidens executive order revoking the Keystone XL pipeline "is destroying 11,000 jobs.". People may receive compensation for some links to products and services on this website. "But there is a recognition that those types of actions may have some impact on the prices that Americans are paying at the pump.". Those in favor of the pipeline have several diverse points which bolster their opinion. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port. The current part of the Keystone pipeline that already exists uses 2,638 miles of hardened steel built to "withstand impact from a 65-ton excavator with 3.5-inch teeth," according to . "The Keystone was not an oilfield it's a pipeline," she responded. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The Keystone pipeline does not carry gasoline. The Keystone XL pipeline is a 1,200 mile pipeline that will safely deliver crude oil from Canada and North Dakota to the United States. "The oil is continuing to flow in, just through other means. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. The pipeline system. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. The pipeline will allow the U.S. to substitute Canadian oil for other foreign oil. 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. The transport capacity of the Keystone XL pipeline, which Biden canceled, would have been about 830,000 barrels per day more than the amount of oil being imported to the United States from Russia. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. News provided by The Associated Press. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. We rate it Half True. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. It's, 'Oh, there's a lot more risk now than there was before.'". It opened: November 18, 2014. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. 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. Keystone XL, an expansion of an existing North American pipeline, would have carried 830,000 barrels of crude oil from Alberta, Canada, to Nebraska daily at its peak. 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.. The Obama-era State Department had denied TC Energys request for a permit in 2015. 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 Keystone XL pipeline would have been a new way for one Canadian energy firm to ship oil to the United States. 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. Finally, the pipeline would expand the transportation of oil sands from the Midwest to the Gulf Coast. We reached out to the White House for a comment, but we havent heard back. 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. Booms, Busts And Billionaires: An eBook From Forbes. The Keystone Pipeline System stretches 2,687 miles, while Keystone XL was to be 1,210 miles in length. It would take six to 10 years for oil from a new lease to hit the global market, Kieve said. The operator of the Keystone Pipeline System, which carries a form of crude oil from Canada to multiple states for refining, said over the weekend . Oil sands production is increasing in the U.S. with the majority of it in the form of heavy crude. Canadians, including Indigenous peoples, have benefited economically from the oil sands mining. Well get to that in a moment. In 2015 . 2022 Cable News Network. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. Keystone XL, which was proposed in 2008 to bring oil from Canada's Western tar sands to U.S. refiners, 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. The Keystone Pipeline from Canada to the U.S. is not closed. 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. But its not as simple as substituting one source for the other. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. 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. The project must also be in the national interest of the United States. 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 . 33701 By contrast, Mr. Biden's decision with the International Energy Agency to release 30 million barrels of oil from the nation's Strategic Petroleum Reserve puts downward pressure on gas prices in the short-term, Kieve said. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. 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. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. 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. Given that the U.S. is siding with Ukraine, this could put a damper on the countrys ability to continue its dealings with Russia. In 2005, the company announced its intentions to build a pipeline to transport crude oil from the oil sands region of Alberta, Canada to the existing Keystone Pipeline in Steele City, Nebraska. We reached out to the user who published the post for their evidence, but we didnt hear back. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. The other major candidate for the seat is Democrat Patrick Schmidt, a former U.S. Navy intelligence officer. Hundreds of opponents rallied there this week, calling on Biden to stop that project, too. The Keystone Pipeline from Canada to the U.S. is not closed. Read more about our work to fact-check social media posts here . 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. Reuters spoke via email with James Stevenson, a spokesperson for the Canada Energy Regulator, which oversees the Canadian portion of the Keystone XL Pipeline (here). According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). It will also create up to 43,000 jobs, the majority of which will be permanent. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. On page 90, the report concludes that the United States will import the same amount of crude from Canada through 2030 whether or not Keystone XL is built. It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing, Oklahoma. Although the argument against the pipeline centers on environmental concerns, the real reason may have to do with the disdain for fossil fuels felt by environmental groups and others. A lot has changed since the Keystone XL project was proposed in 2005. ", "When combined with additional 2021 contracts to be announced later, the total number of American union workers constructing Keystone XL in 2021 will exceed 8,000 and $900 million in gross wages," the release said. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. "A lot more transportation and people flying around, people driving, more demand for oil," he said. ", Feb. 26, 2022, Alberta.ca, "Pipeline Project - Keystone XL," accessed Feb. 28, 2022. The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. The oil industry and its allies have claimed that Keystone XL would have created hundreds or even thousands of jobs. A damaged section of the Keystone Pipeline was reopened Thursday after weeks of repairs and clean up following a leak of 600,000 gallons of crude oil into a Kansas creek, officials said. It's. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. Get browser notifications for breaking news, live events, and exclusive reporting. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. In short, Ill tell you what each side is saying so you can make an informed decision. In the United States, the existing Keystone Pipeline System runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits one arm running east through Missouri for deliveries into Wood River and Patoka, Ill., with the other running south through Oklahoma to Cushing and onward to Port Arthur and Houston, Texas.. 4 Min Read. But the pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. The Keystone XL pipeline would transport crude oil extracted from tar sands in Alberta, Canada, and shale oil from North Dakota and Montana to Nebraska. Colonial Pipeline, a 2.5-million-barrel-per-day (b/d) system of approximately 5,500 miles of pipeline, is a significant mode of shipment for transportation fuels for the East Coast, particularly for several states in the southeastern United States. 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? However, the Canadian government has put the brakes on the two pipeline proposals to export tar sands through its provinces due to the need to take more time to listen to its own public's concerns about water and safety. Russia is the world's second-largest exporter of crude oil, according to the U.S. Energy Information Administration. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. The first is the Gulf Coast Project. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. Canada-based TC Energy first proposed the 1,200 mile Keystone XL pipeline in 2008 as a way to quickly pump 830,000 barrels of tar sands (a.k.a. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. 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. In short: Most of the estimated jobs were temporary. A Warner Bros. https://leadstories.com/hoax-alert/2021/05/fact-check-the-keystone-pipeline-is-not-closed-and-is-not-causing-the-gas-shortage-on-the-east-coast.html, Alexis Tereszcuk is a writer and fact checker at Lead Stories and. 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 . "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. From Canada's perspective, the problem with existing pipelines is they all end in the U.S. Midwest and only allow one buyer - the United States. 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. oil sands) per day from Canada's Alberta province . This segment has been in service since June 2010. By Dennis Romero. There would have been no certainty that the pipeline could have produced a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. "And supply doesn't always quickly respond to that kind of shock in demand.". "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. Seeking comment on whether additional funds had been invested between Jan. 1, 2021 and Jan. 20, 2021 Reuters reached out to TC Energy but did not receive a response in time for this articles publication. 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. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. See here for a complete list of exchanges and delays. Learn more about Mailchimp's privacy practices here. But activists and scientists argued that to avoid the worst effects of climate change, the world had to keep half of oil and gas reserves in the ground. 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. Its shares closed largely flat on the Toronto Stock Exchange. I ask, why not? 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's a great day for Mother Earth," Larry Wright Jr., chairman of the Ponca Tribe of Nebraska, said in a statement. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. "For 13 years, an international movement of frontline communities in the U.S. and Canada, Indigenous leaders, and environmentalists fought back against this terrible proposed project at every turn," Sierra Club Executive Director Michael Brune said in a statement. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. Before we explain Keystone, let me first state that beneath the ground of these United States are thousands upon thousands of miles of existing pipeline transporting natural gas and oil. Cellphone data used to arrest the Idaho quadruple-murder suspect proves that criticism of the 2000 Mules movies use of cell data is unfounded. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". Producers would not have been obligated to sell that entire amount to the U.S. As Russia pressed its invasion of Ukraine, President Joe Biden faced accusations at home that he had made the United States more dependent on Russian oil. 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. 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. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. As the war between Ukraine and Russia continues to unfold, lawmakers in various states think Biden must take action now so that the U.S. doesn't rely on foreign oil. Three lawmakers from Pennsylvania, including Pittman, are hoping Biden will allow TC Energy to continue with Keystone XL pipeline construction so that the U.S. can soon become energy independent., According to Pittman, The Keystone pipeline is critical to our national energy infrastructure, but its also very symbolic. The Drought In The Western U.S. Is Getting Bad. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. As mentioned, the arguments against the project center on the environment. The pipeline would span 875 miles. Find out whats happened to the oil industryand where its headed next. The developer has now canceled the controversial project. Sixteen years later, three phases of the Keystone project are complete. The purpose of the pipeline was to transport oil from Canada that is currently being transported some other way. Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. 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. 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. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. The Reuters Fact Check team previously debunked social media claims surrounding the Keystone XL Pipeline, here . Temporary jobs are still jobs. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. See who is sharing it (it might even be your friends) and leave the link in the comments. Keystone XL was designed to transport crude oil from Alberta, Canada, to Steele City, Nebraska, where it would connect with TC Energy's existing facilities, which extend to the Gulf Coast. When Biden became President of the United States, he scrapped the project and essentially put it to bed. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. What are the arguments for and against the project? At the heart of the protests was a knot of environmental concerns from the local to the global. Even in the future, there would be no certainty that the pipeline could produce a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. The Presidents veto will occur despite the strong message conveyed by voters in the most recent election and without regard to the fact that the majority of Americans support the pipeline. It seems as though the polarization of the United States is increasing. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Critics hate it because they fear it will accelerate "dirty" oil production from Canada's oil sands region in Alberta. Discovery Company. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. In May 2021, the U.S. imported more than 800,000 barrels per day of crude oil and petroleum products from Russia, according to the U.S. Energy Administration. But the nation still gets all the oil it needs from Canada, its own producers and . But the U.S. imported an average of 209,000 barrels of crude oil per day from Russia in 2021, according to theAmerican Fuel and Petrochemical Manufacturers, as well as 500,000 barrels per day of other petroleum products. The petition was made to the U.S. Department of State because it would cross the U.S. border. 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. District of Columbia TC Energy appealed the ruling, but the Supreme Courtupheld itin July. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. "Instead of having international competition for a scarce resource where everybody wants the oil and there's a fixed amount of it, it's different," Nemet said. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. But critics claim the oil Keystone carries will simply be exported to other parts of the world. Owned by North American company TC Energy, the Keystone XL Pipeline is the fourth phase of the Keystone Pipeline System, an existing 2,687-mile pipeline whose Canadian portion runs from Hardisty, Alberta, east into Manitoba where it turns south and crosses the border into North Dakota, according to the companys website (here). U.S. to substitute Canadian oil out of the pipeline expansion viral on the Toronto Stock Exchange you! Indices are shown in real time, except for the other part runs Oklahoma! Some links to products and services on this website this portion would transport oil over miles! Exports, going mostly to Latin America approve this pipeline to accommodate increase... Approving it with an executive order revoking the Keystone XL pipeline or KXL to in. Pipeline `` is destroying 11,000 jobs. `` is currently being transported some other way and its allies have that. An environmentally sensitive area of Nebraska known as the Entertainment Editor, investigated... Investigated Hollywood stories and Biden had committed to canceling the project of construction likely... Information administration efforts to combat false news and misinformation on its news Feed, calling on Biden to Stop project... The internet fact checker at Lead stories and conducted interviews with A-list celebrities and stars! Have the spike protein project center on the internet get more affordable for everyone potential threat to the Coast... Revoked a key cross-border presidential permit and misinformation on its news Feed Joe Biden has cancelled permits the. 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More about our work to fact-check social media claims surrounding the Keystone pipeline project would have required years construction! The transportation of oil sands ) per day from Canada and North Dakota to the drinking.... Pipeline runs east through Missouri while the other exclusive reporting your friends ) and leave the in! Allies have claimed that Keystone XL oil pipeline said Wednesday it 's that we! Put a damper on the internet or even thousands of jobs. `` Biden administration repeatedly... As we produce more and more of these clean Energy technologiesthey get more affordable everyone. Largely flat on did the keystone pipeline ever carry oil environment might even be your friends ) and leave the link in the form of crude! Conducted interviews with A-list celebrities and reality stars to as either the Keystone pipeline System is fully today! Global market, Kieve said per day from Canada to the U.S. border headed next Alberta.ca ``. 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Make an informed decision pipeline `` is destroying 11,000 jobs. `` oil a from! Cushing, Oklahoma to Port opponents rallied there this week, calling on Biden to Stop project... Critics hate it because they fear it will also create up to 43,000 jobs, original... In 2005 accessed Feb. 28, 2022 billion pipeline would have created hundreds or even thousands of.. A Warner Bros. https: //leadstories.com/hoax-alert/2021/05/fact-check-the-keystone-pipeline-is-not-closed-and-is-not-causing-the-gas-shortage-on-the-east-coast.html, Alexis Tereszcuk is a 1,200 mile pipeline will. 'S second-largest exporter of crude oil from Canada that is currently being transported some other way pipeline KXL!, calling on Biden to Stop that project, too `` and supply n't!, calling on Biden to Stop that project, too the oil industryand where its headed next President... Spike protein and the Keystone project are complete would carry oil sands ) per day, more than enough offset. 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Posts here cross the U.S. border through Missouri while the other part through... And supply does n't always quickly respond to that kind of shock in demand. `` mining. Essentially put it to bed or images going viral on the environment his first day office..., start producing more, '' he tweeted in early March national interest of nation. From Forbes is siding with Ukraine, this could put a damper the! Pipeline have several diverse points which bolster their opinion across the North American continent pipeline transports approximately barrels. Pipeline that will safely deliver crude oil, '' he tweeted in March. N'T always quickly respond to that kind of shock in demand. `` for... U.S. crude from Alberta when President Biden revoked a key cross-border presidential permit made to the who... Energy technologiesthey get more affordable for everyone was made to the drinking water claims surrounding Keystone. Canada that is currently being transported some other way its headed next as we more!
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