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Home: Canadian Construction News: USA Rejects Keystone XL Oil Pipeline From Canada

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USA Rejects Keystone XL Oil Pipeline From Canada

Written by; Fraser Boone / TCCN Staff Writer
Added on: Sun Nov 08 2015

  


At a press conference from the White House, USA President Barack Obama announced he is rejecting an application to build the Keystone XL oil pipeline from Canada, stating it would not have served the "national interests" of the U.S.A.

The construction of the Keystone XL Pipeline has been in dispute for 7 years as environmentalists showed concerns of irreparable damage it could cause to the environment.

However, the president said the oil pipeline had grown to take on an "over inflated role" in the climate change debate.

The proposed Keystone XL oil pipeline would have run 1,179 miles (or 1,897km) transporting 800,000 barrels of crude oil a day from tar sands in Alberta, Canada, to a pumping station in Steele City, Nebraska, then onto oil refineries in Illinois and, eventually, the Gulf of Mexico coast.

President Obama stated it would not have created long-term jobs, lowered petrol/gas prices, nor affected energy dependence in a positive way.

"The pipeline would not make a meaningful long-term contribution to our economy," he said.

In contrast, Republican presidential candidates condemned the news. Jeb Bush called it an attack on the US economy.

In February 2015, the Republican-led Congress had voted to begin construction of the pipeline immediately, however, Mr. Obama vetoed the bill to wait for further environmental reports on the issue.

The decision comes as world leaders plan to meet in Paris at the end of the month to finalize a major global climate agreement.

The agreement, which could be reached at the meeting known as the UN Climate Change Conference or COP 21, would be a major part of the president's legacy.

According to BCC News, President Obama said he had spoken to newly-elected Canadian Prime Minister Justin Trudeau and they agreed the issue of climate change trumped any differences of opinion over the pipeline.

TransCanada and other oil companies said that the Keystone XL pipeline would have created thousands of construction jobs, strengthened North American energy security, and helped relieve a glut of oil in the country's heartland.

After the announcement of the pipeline rejection TransCanada's shares fell about 4.6 percent on the Toronto stock exchange on Friday to C$43.15.

TransCanada Chief Executive Russ Girling said the company would review its options to potentially file a new application for a pipeline to bring oil sands crude to the US.


Photos of the proposed Canada USA Keystone Oil Pipeline


Map of Canada USA Keystone XL Oil Pipeline

The existing and the newly proposed Keystone XL pipeline location.


Alberta Tar Sands Keystone XL Pipeline

Alberta tar sands in Canada, where the Keystone XL pipeline would have connected.


Nebraska Oil Pumping Station

The proposed Keystone XL pipeline would have connected to this oil pumping station in Nebraska.

  

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