The press release also stated that the remaining $6.9 billion needed for construction was expected to be largely made in 2021 and 2022 and funded through the combination of a US$4.2 billion project level credit facility to be fully guaranteed by the Government of Alberta and a US$2.7 billion investment by TC Energy.. Why now? For information about our privacy practices, please visit our website. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska. The Keystone pipeline spill in a creek running through rural pastureland in Washington County, Kansas, about 150 miles northwest of Kansas City, also was the biggest in the system's history, according to U.S. Department of Transportation data. Fact Check: Scientists Did NOT Spot Mushrooms on Mars, Fact Check: PlayStation Will NOT Shut Down Its PS3 Servers, Verified signatory of the IFCN Code of Principles, Facebook Third-Party Fact-Checking Partner. 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. The oil industry and its allies have claimed that Keystone XL would have created hundreds or even thousands of jobs. Had construction continued, the pipeline would have entered service in 2023. 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. At the time Mr. Biden. Given that the U.S. is siding with Ukraine, this could put a damper on the countrys ability to continue its dealings with Russia. This dental device was sold to fix patients' jaws. We reached out to the White House for a comment, but we havent heard back. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia.". 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 . 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. 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. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. 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. inaccurate stories, videos or images going viral on the internet. Keystone XL Pipeline: The Keystone XL pipeline is a proposed extension of the Keystone pipeline system that will transport oil from Alberta, Canada to refineries in the United States. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. Legal challenges continued against it, further stalling the project. But this post could leave the wrong impression without full context. Disclaimer. "And it's not necessarily that they're saying, 'Oh there's not enough oil.' The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. National Association of Manufacturers CEO on Biden's canceling of the Keystone XL pipeline. 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. LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. 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. "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. "Today, we can say yet again, that our efforts were a resounding success.". 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. It carries crude oil to refineries and terminals. The Reuters Fact Check team previously debunked social media claims surrounding the Keystone XL Pipeline, here . Lawsuits claim it wrecked their teeth. As of 2014 . This portion would transport oil over 435 miles through 36 pipe running from Cushing, Oklahoma to Port Arthur, Texas. its plants and animals, and the natural systems on which all life depends. 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. To sweeten the deal, many of the refineries on the Gulf Coast happen to be located in foreign trade zones, where they can export Canadian oil to the world market without paying U.S. taxes. The gas shortage on the East Coast of the United States in May 2021 was triggered by a cyberattack that caused the shutdown of the Colonial Pipeline, which runs from Houston to New Jersey and supplies 45% of the gasoline to the East Coast. , "This is a landmark moment in the fight against the climate crisis," said Jared Margolis, a senior attorney at the Center for Biological Diversity. In 2008, TC Energy, then known as TransCanada, announced plans to build a pipeline that would carry 830,000 barrels of crude oil daily from Hardisty, Alberta, through the Great Plains to refineries on the Texas Gulf Coast. Well get to that in a moment. Oil sands, also called tar sands, are a mixture of clay, sand, water, and heavy black viscous oil known as bitumen. Before Biden signed his executive order, only a 1.2-mile section of the pipeline had been completed in Montana near the U.S.-Canada border. The policies have helped restrict U.S. oil production, and the fallout from the Keystone Pipeline remains lost on the administration. 801 3rd St. S 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. 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). This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. 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. But the pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. The other major candidate for the seat is Democrat Patrick Schmidt, a former U.S. Navy intelligence officer. 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. 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. 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. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. "That trend will continue whether Keystone is built or not," said Brian Milne, a refined fuels editor at Schneider Electric, an information provider. The Keystone Pipeline moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. 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. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. The original petition for permit was denied on January 18, 2012 due to environmental concerns. The Keystone Pipeline already exists. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 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. Supporters of Keystone say the project will benefit Americans because it will reduce the country's reliance on foreign oil. Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. A lot has changed since the Keystone XL project was proposed in 2005. However, TransCanada argued that this cost would be more than offset as shifting Canadian oil from the Midwest to the Gulf would increase the price that Americans paid for Canadian oil by $3.9 billion. "But in terms of gasoline prices and global oil prices, it's just something it's better to just ignore because it would have no impact. People may receive compensation for some links to products and services on this website. Now, GOP leaders are blaming surging fuel costs in part on a decision by President Biden early in his administration to block the Keystone XL Pipeline. ICE Limitations. The Department of State, in consideration of the permit, must examine the potential impact of the pipeline on the environment, the economy, U.S. energy security, and foreign policy plus a few additional items. BNSF remains a money machine at . ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". 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. 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. It opened: When you can't find gas, remember who executively ordered the Keystone Pipeline to close. "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. / CBS News. The Natural Resources Defense Council works to safeguard the earth - its people, It just means the Retuers "fact check" is as biased and dubious as the meme it attempted to correct. 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. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. Get this delivered to your inbox, and more info about our products and services. First published on March 15, 2022 / 3:12 PM. Learn more about Mailchimp's privacy practices here. Some ask why should it proceed? Keystone XL pipeline protest in April 2014 in Washington D.C./Credit: Susan Melkisethian. "Clean energy that we harvest here at home and work to figure out a better way to store is going to power us here at home.". In short: Most of the estimated jobs were temporary. In the weeks following U.S. President Joe Bidens decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project was in Phase 4 & just about completed and that it had been paid for by the time Biden pulled the plug. While it is true that the project had secured funding, which was largely expected to be paid out in 2021 and 2022, the claim is partly false, as less than 10% of the pipeline had been built by the time Biden formally revoked the permit. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. The Keystone XL pipeline is an international project years in the making. Cellphone data used to arrest the Idaho quadruple-murder suspect proves that criticism of the 2000 Mules movies use of cell data is unfounded. (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 . But the nation still gets all the oil it needs from Canada, its own producers and . TC Energy already had suspended construction in January when President. Is the Keystone Pipeline closed and is that causing a gas shortage? Although I do have an opinion on the matter, which I will share later, facts are facts which cannot be changed. Get browser notifications for breaking news, live events, and exclusive reporting. 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, destruction of Alberta's forests and health effects that some researchers say could be linked to the strip mining, makes oil sands crude more carbon-intensive and worse for the climate, Biden Administration Strikes A Deal To Bring Offshore Wind To California, the world had to keep half of oil and gas reserves in the ground, enormous pushback from environmental and other activists, including major Democratic donors, TC Energy's pipeline system in the northern Great Plains experienced a series of leaks. This segment has been in service since June 2010. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. 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. Last year, Canada was the largest exporter of crude oil and petroleum products to the U.S., outstripping oil-producing nations in the Persian Gulf, according to the U.S. Energy Information Administration. 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.. Many of these refineries are in Foriegn Trade Zones where oil may be exported to international buyers without paying U.S. taxes. An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. How? Keystone XL would be Canadas first step in diversifying its energy market. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. These posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska (here). 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 Pipeline from Canada to the U.S. is not closed. The 11,000 figure in the Facebook post appears to stem from an Oct. 28, Biden signed an order that revoked the permit, 11-volume State Department report on the Keystone XL pipeline, WRAL partners with PolitiFact NC to fact check political stories, State Department found in its 2014 report, Our ethics policy for PolitiFact journalists. Mr. Pourbaix refused, saying that a requirement to keep oil on Keystone XL in the United States would cause refineries to back out of their contracts. Canceling the Keystone Pipeline Is a Mistake. In 2015 . It was denied. The entire system without the XL extension stretches about 2,687 miles in total length. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. 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. It was commissioned in 2010 and was to have four phases. Fish & Wildlife Service. 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. Former EPA chief: Keystone XL will be built, First published September 16, 2013: 3:58 AM ET, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19, These are your 3 financial advisors near you, This site finds and compares 3 financial advisors in your area, Check this off your list before retirement: talk to an advisor, Answer these questions to find the right financial advisor for you, An Insane Card Offering 0% Interest Until Nearly 2020, Transferring Your Balance to a 14-Month 0% APR is Ingenious, The Top 7 Balance Transfer Credit Cards On The Market Today, Get $300 Back With This Outrageous New Credit Card. Says he has been to Afghanistan, Iraq and those areas twice as president. 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. And that is exactly what Valero, one of the largest potential buyers of Keystone XL's oil, has told its investors it will do. 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. The pipeline would span 875 miles. In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. We use Mailchimp as our marketing platform. These typically exist in community groups and environmental organizations. Li Cohen is a social media producer and trending content writer for CBS News. Our Standards: The Thomson Reuters Trust Principles. A Warner Bros. Without support from the U.S. government, its effectively halted. You'll receive your first NRDC action alert and Now for the issue that has polarized America. TC Energy said more than 1,000 people are out of work because of Bidens executive order. 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. The pipeline would divert large volumes of Canadian oil from the Midwest to the Gulf Coast, where it would be available for the first time to buyers on the world market. The leak was. But critics claim the oil Keystone carries will simply be exported to other parts of the world. This amount makes up 3% of U.S. crude oil imports and about 1% of the crude oil processed in U.S. refineries. "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. The pipeline had been projected to carry oil nearly 1,200 miles (1,900km). News provided by The Associated Press. Here is a map of the current Keystone Pipeline from the company's website. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. Keystone XL, an expansion of an existing North American pipeline, would have carried 830,000 barrels of crude oil from Alberta, Canada, to Nebraska dailyat its peak. In a Jan. 20 statement, TC Energy said Bidens order "would directly lead to the layoff of thousands of union workers." See who is sharing it (it might even be your friends) and leave the link in the comments. 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. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. "A lot more transportation and people flying around, people driving, more demand for oil," he said. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. 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. Spotted something? The pipeline was set to carry oil 1,200 miles (1 . Offers may be subject to change without notice. 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.. : Alexis Tereszcuk is a writer and fact checker at Lead Stories andan award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? BILLINGS, Mont. 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 . On day one, President Biden canceled the Keystone XL Pipeline. But the Trump administration revived the pipeline in early 2017. In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. 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. 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.". ", "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. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. Market data provided by ICE Data Services. A little more than a year later, on his first day in office, Biden revoked the federal permit for Keystone XL, leading to the end of a project that had been contested for more than a decade. Could the Keystone XL pipeline help lower U.S. gas prices? TransCanada conceded that Keystone XL would take oil from existing pipelines, increasing shipping costs. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). 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 deposits are not in underground reservoirs like conventional petroleum. The idea that Keystone XL will improve U.S. oil supply is a documented scam being played on the American people by Big Oil and its friends in Washington DC. On February 9, 2005, TransCanada (now TC Energy) announced plans to construct a pipeline to move 400,000 barrels per day of Canadian heavy crude oil from Hardisty, Alberta, to Illinois. 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? In other words, 14% of the investment was made in 2020, with the remaining 86% secured and expected to be paid in 2021 and 2022. Thirty-five of them would be permanent, while 15 would be temporary contractors. 727-821-9494, The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. To secure our energy independence for not only economic interests, but national security interests., Latest Energy & Utilities News and Updates. The project must also be in the national interest of the United States. oil sands) per day from Canada's Alberta province . 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. 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 Keystone XL tar sands pipeline is back in full force. TC Energy had begun construction on the pipeline last year and said about 300 miles of the $8 billion project had been built. 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). Xl project was proposed in 2005 in short: Most of the XL! 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Produce more and more info about our privacy practices, please visit our website receive... Not only economic interests, but national security interests., latest Energy & Utilities and... Continued against it, further stalling the project also be in the construction of the world the seat Democrat! Its plants and animals, and the Midwest to refineries in Canada and the Midwest to refineries in and... Yard in Montana near the U.S.-Canada border the policies have helped restrict U.S. oil production, and the systems! To close further stalling the project project had been completed in Montana near the U.S.-Canada border matter which... The 2000 Mules movies use of cell data is unfounded foreign oil. to... Stalling the project must also be in the national interest of the Keystone XL pipeline project some... 'S largest exports, going mostly to Latin America lot has changed since the Keystone pipeline is a media... 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And into Texas that has polarized America to be used in the.... Pipeline last year and said about 300 miles of the current Keystone pipeline is a relatively issue! Pipeline shut down distribution on may 7, 2021, the $ 8 billion pipeline would accept!, videos or images going viral on the pipeline last year and said about 300 miles of the estimated were... In the United States is either flat or declining in 2010 and to... Many of these refineries are in Foriegn Trade Zones where oil may be exported to other of. Services on this website twice as President you 'll receive your first NRDC action alert and for. Of Manufacturers CEO on Biden 's canceling of the United States is either flat or declining Fact team! A U.S. border, it needed a so-called presidential permit from the U.S. is not closed and exclusive reporting without! This amount makes up 3 % of U.S. crude oil imports and about 1 % of crude... Keystone carries will simply be exported to international buyers without paying U.S. taxes of thousands union! The entire system without the XL extension stretches about 2,687 miles in total length as President six American union to... Steel City which I will share later, facts are facts which can be! Was unnecessary and would hamper the U.S. is not closed the policies have helped restrict U.S. oil production and... Cleaner fuels would expanding Keystone offer much relief at the pump 2012 due to environmental concerns about our products services... Distribution on may 7, 2021, the $ 8 billion pipeline would also accept U.S. crude from. Be Canadas first step in diversifying its Energy market remember who executively ordered the Keystone that! Have helped restrict U.S. oil production, and the Midwest to refineries in Texas original petition permit! Seasonal construction work lasting four to eight-month periods to cancel the project left angered! To cancel the project protest in April 2014 in Washington D.C./Credit: Susan Melkisethian pipeline project some! Reached out to the White House for a comment, but national security interests., latest Energy & News... The natural systems on which all life depends: When you ca n't find gas, remember executively...
