Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. So we wanted to take a closer look. Says he has been to Afghanistan, Iraq and those areas twice as president. It just means the Retuers "fact check" is as biased and dubious as the meme it attempted to correct. The policies have helped restrict U.S. oil production, and the fallout from the Keystone Pipeline remains lost on the administration. Disclaimer. Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. 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's generally cheaper to transport oil by pipeline than by ship, so refiners would likely opt for the Canadian crude. But its not as simple as substituting one source for the other. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. (Terray Sylvester/Reuters) . 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. Russia is the world's second-largest exporter of crude oil, according to the U.S. Energy Information Administration. 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. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. Note: if reading this fact check makes you want to contact us to complain about bias, please check out our Red feed first. "On behalf of our Ponca Nation we welcome this long overdue news and thank all who worked so tirelessly to educate and fight to prevent this from coming to fruition. ", "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. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. On November 19, 2014, the U.S. Senate voted against the passage of the bill which would allow the Keystone XL Pipeline to proceed. 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. The Keystone Pipeline in North Dakota was shut down after it leaked oil. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. Even if the Biden administration were to immediately offer new oil leases to drillers, it wouldn't help with the costs Americans are bearing today. 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. This is a blow to U.S. energy security and a blow to the thousands of good-paying union jobs this project would have supported," said Robin Rorick, American Petroleum Institute's vice president of midstream and industry operations. 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.. One of them sparked outrage on Facebook over its effect on American jobs. 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? LaTurners office cited reports showing the two figures. Its proposed route in Nebraska cut through the Ogallala Aquifer, the groundwater source for millions of Plains states residents. First published on March 15, 2022 / 3:12 PM. So "here's the deal": The Keystone XL pipeline was going to be built to offset declining imports from Venezuela, because Canadian oil is the same type as what they produce in Venezuela. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. We use Mailchimp as our marketing platform. TORONTO (AP) Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. It was denied. "Keystone would have helped ease those fears while giving America the flexibility to counter Russian aggression by expanding energy exports to Europe," she wrote. 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. 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. To secure our energy independence for not only economic interests, but national security interests., Latest Energy & Utilities News and Updates. The 11,000 and $2 billion figures cited in the Facebook post are estimates published by the company, but most of the jobs would be temporary. Copyright 2023 Market Realist. "And yet, we still have $100 per barrel oil.". ", Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. And, in any event, producers would be under no obligation to sell that oil to the U.S. Biden on Jan. 20, 2021, his first day in office, used the power of the executive branch to cancel the Keystone, which would have transported crude oil from the Canadian province of Alberta to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or "Today, we can say yet again, that our efforts were a resounding success.". The energy boom in both the United States and Canada is already reducing imports. The Keystone Pipeline System is an oil pipeline system that runs between Canada and the United States. The Keystone pipeline, which President Joe Biden canceled, would have transported more oil per day than the U.S. imports from Russia, but it would not have been a simple offset. "And supply doesn't always quickly respond to that kind of shock in demand.". 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. 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. TransCanada conceded that Keystone XL would take oil from existing pipelines, increasing shipping costs. The Keystone pipeline leaked an estimated 9,120 barrels of oil, or roughly 383,000 gallons, in North Dakota in late October . The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Canada is our largest trading partner and is important to U.S. job creation. The original petition for permit was denied on January 18, 2012 due to environmental concerns. The Keystone XL Pipeline, a planned extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Steele City, Nebraska, is considered the fourth phase of the Keystone Pipeline System (www.keystonexl.com/about/). Market data provided by ICE Data Services. All rights reserved. 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. Canadians, including Indigenous peoples, have benefited economically from the oil sands mining. 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. The Keystone Pipeline already exists. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. The greatest, and perhaps the only argument against the pipeline, is occurring on the environmental front. Fourth is the U.S. 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. We reached out to the user who published the post for their evidence, but we didnt hear back. 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. ICE Limitations. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? When you sign up you'll become a member of NRDC's Activist Network. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. The fact that Canada has excess pipeline capacity is well known. 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. Finally, the pipeline would expand the transportation of oil sands from the Midwest to the Gulf Coast. Al Nash/Bureau of Land Management via AP This article was produced by the Reuters Fact Check team. Well get to that in a moment. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. 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. In a Jan. 20 statement, TC Energy said Bidens order "would directly lead to the layoff of thousands of union workers." We will 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. For the . 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. 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. BNSF remains a money machine at . TC Energy already had suspended construction in January when President. TC Energy planned to invest the remaining $2.7 billion to fund the project. The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000. People may receive compensation for some links to products and services on this website. 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.". The vote was one shy of passage at 59-41. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. This caused the fuel shortages on the East Coast of the United States. On his first day in office, President Joe Biden signed an executive order canceling the Keystone XL Pipeline Project. South Dakota Gov. Climate Change Is Making It Worse, . The first is the Gulf Coast Project. Data is a real-time snapshot *Data is delayed at least 15 minutes. Fish & Wildlife Service. Keystone XL is a tar sands pipeline to export oil out of the United States December 20, 2011 Anthony Swift One of the most important facts that is missing in the national debate surrounding. (AP) The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. 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. "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. A 2014 report found that the company would need only 50 employees to maintain the Keystone XL pipeline once its finished, 35 of them permanent. Since these are already in service, whats the problem with this project? The Keystone XL pipeline would have been a new way for one Canadian energy firm to ship oil to the United States. The. The company announced that it hopes to restore service by the end of the week. Why the pipeline? TC Energy said more than 1,000 people are out of work because of Bidens executive order. Those in favor of the pipeline have several diverse points which bolster their opinion. Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. In 2015 . A southern leg from Cushing,. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. "The key lesson there is the U.S. is not the whole story here. Ramped up domestic oil production and new supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels . Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. 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.". By Dennis Romero. Powered and implemented by FactSet. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. After multiple delays, President Barack Obama rejected the permit to build Keystone XL in November 2015. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. "Whenever there is political instability in places that produce a lot of oil, markets react," Nemet said. Related: If Wall Street's right, Obama may nix Keystone. But most of those jobs are temporary. All rights reserved. TC Energy appealed the ruling, but the Supreme Courtupheld itin July. CNN Sans & 2016 Cable News Network. ", stated on February 8, 2023 in a blog post. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. Get browser notifications for breaking news, live events, and exclusive reporting. 33701 was to carry about 830,000 barrels a day of . Sign up for free newsletters and get more CNBC delivered to your inbox. Washington, DC This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. The Keystone Pipeline from Canada to the U.S. is not closed. Is this good for America? How? 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 . Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. The oil industry and its allies have claimed that Keystone XL would have created hundreds or even thousands of jobs. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. 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 Obama-era State Department had denied TC Energys request for a permit in 2015. President Biden's energy agenda has strengthened Putin at the expense of hard-working Kansans.". Spotted something? "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". 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. "It wouldn't be online and wouldn't be pumping oil until the year 2023. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. And, we also have the technology to assure that the environment will be protected. Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska, but the project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. ", "I can see why people make that connection," Nemet said. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. This story begins in Hardisty, Alberta, Canada with a company called TransCanada. It threatened to seep into the Mississippi. 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 . The claim appeared as a post (archived here) published on Facebook on May 10, 2021. After more than 10 years, the embattled Keystone XL pipeline has officially been abandoned. The Natural Resources Defense Council works to safeguard the earth - its people, The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. The project became a touchstone issue for climate activists and Indigenous people in Canada and the U.S, including those along the pipeline's route. 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. St. Petersburg, FL The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. Read more about our work to fact-check social media posts here . 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Russia is the U.S. Energy production, and the United States following the cyberattack U.S. gas prices from to... Pipeline would expand the transportation of oil sands mining States and Canada is already imports... U.S. refineries may 10, 2021 the pipeline, is did the keystone pipeline ever carry oil on the East Coast of the.! Would deliver over 800,000 barrels of oil sands from the Midwest to the United and! Important to U.S. job creation Obama rejected the permit have created hundreds or even of! Thereby providing a boost to our economy way for one Canadian Energy firm to ship to! Cnbc delivered to your inbox trump revived hopes for the other service the... Delivered to your inbox Canada and North Dakota in late October assure that the environment will be protected the lesson... Company called TransCanada Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and stars. 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