This area has highly porous soil and shallow groundwater. 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. It seems as though the polarization of the United States is increasing. 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? The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. National Association of Manufacturers CEO on Biden's canceling of the Keystone XL pipeline. COVID-19 vaccines "provide zero benefit relative to risk for the young and healthy.". Wind farm construction is a possible cause of dead whales washing ashore in New Jersey. 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. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? President Biden's energy agenda has strengthened Putin at the expense of hard-working Kansans.". You'll receive your first NRDC action alert and Why now? One recent issue involves the passage of the Keystone XL pipeline. ", People not vaccinated against COVID-19 came out the best. 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. First, it can be upgraded into syncrude which is a light crude. To secure our energy independence for not only economic interests, but national security interests., Latest Energy & Utilities News and Updates. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. The Keystone Pipeline in North Dakota was shut down after it leaked oil. Li Cohen is a social media producer and trending content writer for CBS News. The. The Keystone XL pipeline was expected to act as an extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Nebraska.. In a Department of Energy report evaluating Keystone XL's impacts on U.S. energy supply over the next twenty years, the agency found that it will take decades for Canada to produce enough oil to fill existing pipelines. 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). Opinions expressed by Forbes Contributors are their own. 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. 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. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma. That initial jump in the cost of crude was driven by the ongoing economic recovery, which boosted demand by consumers and businesses that had been dampened by the COVID-19 pandemic. But this post could leave the wrong impression without full context. Our network of natural gas pipelines supplies more than 25 per cent of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. (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 . 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. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. was to carry about 830,000 barrels a day of . The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. The purpose of the pipeline was to transport oil from Canada that is currently being transported some other way. The Environmental Protection Agency is the second group. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Legal Statement. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. 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. Keystone XL would be Canadas first step in diversifying its energy market. 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. ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". All Rights Reserved. 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". 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. 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 . Lawsuits claim it wrecked their teeth. From there, refined petroleum products could be sold either in the U.S. or to foreign buyers. 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 vote was one shy of passage at 59-41. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. 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. Thirty-five of them would be permanent, while 15 would be temporary contractors. The operator, Canada-based TC Energy, said the pipeline that runs from Canada to Oklahoma lost about . 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. Given that the U.S. is siding with Ukraine, this could put a damper on the countrys ability to continue its dealings with Russia. 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. Most stock quote data provided by BATS. The agency will release a total of 60 million barrels of crude to help ease some of the supply disruptions caused by the war Ukraine. We will Energy from solar panels, wind turbines and other low-carbon technologies also tends to get cheaper the more widely it is used, they said. For the . "You won't see a lot of environmental organizations jumping up and down and saying, 'Hey, this is the best thing ever,'" Kieve said. 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. Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, pointed out that the cost of oil has steadily increased since last fall, when it was around $70 a barrel, to more than $130 last week before settling back at around $100 a barrel on Tuesday. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. Copyright 2023 Politifact. The dog dewormer fenbendazole can cure cancer in humans. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All Rights Reserved. All rights reserved. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. 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. Second, the bitumen can be blended with lighter hydrocarbons to create a heavy crude. Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. I cover the intersection of economics, politics and personal finance. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. This article was produced by the Reuters Fact Check team. ", "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. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or 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. 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. "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. On his first day as the 46th President of the United States, Joe Biden signed an executive order revoking permission for the construction of the Keystone XL oil pipeline, an $8 billion, a 1,200-mile-long project that was supposed to carry up to 830,000 barrels of oil per day. The Keystone pipeline leaked an estimated 9,120 barrels of oil, or roughly 383,000 gallons, in North Dakota in late October . This caused the fuel shortages on the East Coast of the United States. Campaign watchers rate the race as solid or safe Republican. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. 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. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. The State Department estimated full-time permanent jobs to be closer to 50. 33701 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. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. Thanks for signing up. 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. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. (Terray Sylvester/Reuters) . 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. 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. The claim appeared as a post (archived here) published on Facebook on May 10, 2021. In short: Most of the estimated jobs were temporary. Disclaimer. By Dennis Romero. 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. After more than 10 years, the embattled Keystone XL pipeline has officially been abandoned. LOUIS (AP) An oil leak near St. Louis prompted the closure of parts of two pipelines as crews work to determine the source, company officials and Missouri regulators said Thursday. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. Says he has been to Afghanistan, Iraq and those areas twice as president. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. The petition was made to the U.S. Department of State because it would cross the U.S. border. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. This portion would transport oil over 435 miles through 36 pipe running from Cushing, Oklahoma to Port Arthur, Texas. Related: If Wall Street's right, Obama may nix Keystone. On his first day in office, President Joe Biden signed an executive order canceling the Keystone XL Pipeline Project. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. 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. That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. All rights reserved. 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. 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). Canada doesnt have nearly enough oil to fill existing pipelines going to the United States. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. 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. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. Earlier this month, Representative Edward Markey asked TransCanada's President Alex Pourbaix to support a condition that would require the oil on Keystone XL to be used in the United States. In 2008 the United States imported 9.8 million barrels of oil a day, according to the Energy Information Administration. The capacity of existing pipelines is about 591,000 barrels per day (bpd) and the two pending pipelines are expected to transport about 700,000 bpd initially with a potential of 830,000 bpd. "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.". 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. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. 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. 4 Min Read. The project must also be in the national interest of the United States. However, lately we have witnessed a well crafted and articulate argument, laced with just enough facts to confuse and cloud the truth and convince people that the moon really is made of green cheese. Discovery Company. In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. 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