Got a confidential news tip? 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. The pipeline would span 875 miles. Opinions expressed by Forbes Contributors are their own. Canceling the Keystone Pipeline Is a Mistake. This segment has been in service since June 2010. Its symbolic of whether or not were willing to embrace the natural resources that we have in our country. The entire system without the XL extension stretches about 2,687 miles in total length. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. 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. This story begins in Hardisty, Alberta, Canada with a company called TransCanada. "And yet, we still have $100 per barrel oil.". 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. "A lot more transportation and people flying around, people driving, more demand for oil," he said. 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. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. 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.. 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 1,200-mile Keystone XL pipeline, proposed by the Canadian energy conglomerate TC Energy, would carry up to 35 million gallons of tar sands crude oil from Alberta through Montana, South Dakota . The fourth phase, dubbed "XL" for . But both TC Energy and the State Department have said the majority of those jobs would be temporary. Spotted something? First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. 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. The project has become a matter of intense debate in the United States. Natural Resources Defense Council 2023 Privacy Policy Oil sands production is increasing in the U.S. with the majority of it in the form of heavy crude. Updated on: March 17, 2022 / 11:57 AM 2023 CNBC LLC. Read more about our work to fact-check social media posts here . While many were under the impression that the Keystone XL pipeline was nearly built and ready to operate, it would have served as the fourth phase of the entire Keystone Pipeline System. ", "I can see why people make that connection," Nemet said. ", 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. Is this good for America? 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. inaccurate stories, videos or images going viral on the internet. When the U.S. expands its energy transportation system, additional workers are required to maintain and oversee it. The energy boom in both the United States and Canada is already reducing imports. Its shares closed largely flat on the Toronto Stock Exchange. 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 . Legal challenges continued against it, further stalling the project. 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. By 2011, Keystone XL had upended that quiet bureaucratic process. 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. "The key lesson there is the U.S. is not the whole story here. LaTurners office cited reports showing the two figures. The petition was made to the U.S. Department of State because it would cross the U.S. border. 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. (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. The pipeline had been projected to carry oil nearly 1,200 miles (1,900km). 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. The Keystone XL was designed to carry more than 830,000 barrels a day of crude oil, virtually all of it coming 1,210 miles from the tar sands to Steele City, Neb. 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. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. 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. 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. Ramped up domestic oil production and new supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels . Its demise comes as other North American oil pipelines, including Dakota Access and Enbridge Line 3, face continued opposition from environmental groups. "Whenever there is political instability in places that produce a lot of oil, markets react," Nemet said. The fact that Canada has excess pipeline capacity is well known. "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. 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. 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 . Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. This article was produced by the Reuters Fact Check team. In a world of wild talk and fake news, help us stand up for the facts. TC Energy appealed the ruling, but the Supreme Courtupheld itin July. , "This is a landmark moment in the fight against the climate crisis," said Jared Margolis, a senior attorney at the Center for Biological Diversity. It would take six to 10 years for oil from a new lease to hit the global market, Kieve said. David Kieve, president of advocacy group Environmental Defense Fund Action, also told CBS News that building out the Keystone pipeline would not have softened the impact the Ukraine crisis is having on fuel prices. The operator, Canada-based TC Energy, said the pipeline that runs from Canada to Oklahoma lost about . 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.. The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. The Keystone Pipeline already exists. The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC EnergyAs of March 2020, the Government of Alberta. The project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. It will also create up to 43,000 jobs, the majority of which will be permanent. 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.". 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. Our Standards: The Thomson Reuters Trust Principles. One of them sparked outrage on Facebook over its effect on American jobs. State Disclosures, Director, Canada Project, International Program. It carries crude oil to refineries and terminals. The pipeline system. Copyright 2023 Market Realist. ", "New government-funded 'food pyramid' says Lucky Charms are healthier than steak. 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. The Keystone XL pipeline would have been able to carry up to 830,000 barrels of oil every day, the figure used in LaTurners ad. 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. Video shows President Joe Biden recalling an alien encounter. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. This dental device was sold to fix patients' jaws. 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. President Joe Biden spent his first day in the White House signing a spate of executive orders aimed at undoing the policies of the Trump administration. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. 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. The first is the Gulf Coast Project. 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. Related: If Wall Street's right, Obama may nix Keystone. Learn more about Mailchimp's privacy practices here. Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. 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. 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). 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. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. Why the pipeline? All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Discovery Company. The State Department estimated full-time permanent jobs to be closer to 50. its plants and animals, and the natural systems on which all life depends. Data is a real-time snapshot *Data is delayed at least 15 minutes. As of 2014 . 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. 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. 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. 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. 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. (n.d.) When you sign up you'll become a member of NRDC's Activist Network. 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. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or 1894 shipwreck found in Lake Huron, confirming "powerful, tragic story", Bipartisan Senate group unveils rail safety bill in response to Ohio derailment, Top Dems push Fox News to stop promoting "propaganda" about 2020 election, What to know about Shigella bacteria as drug-resistant strain spreads, Pandemic-era food benefits end for millions of Americans as costs rise. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. St. Petersburg, FL The vote was one shy of passage at 59-41. 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. "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". All Rights Reserved. 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. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. TC Energy's 1,210-mile Keystone XL pipeline would have had a capacity of 830,000 barrels per day with crude oil originating from Hardisty, Alberta, and heading to Steele City, Nebraska, where it would then be shipped to U.S. Gulf Coast refineries. Let us know!. If only the halt of that project was the sole source of surging energy costs at home and abroad.. In the meantime, TC Energy's pipeline system in the northern Great Plains experienced a series of leaks of tens of thousands of gallons of oil. In short: Most of the estimated jobs were temporary. Fourth is the U.S. One recent issue involves the passage of the Keystone XL pipeline. The developer has now canceled the controversial project. That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. 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. 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). 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. Disclaimer. District of Columbia The Keystone XL Pipeline consists of two parts. 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. 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. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia.". 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. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. National Association of Manufacturers CEO on Biden's canceling of the Keystone XL pipeline. 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. "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. 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. This group is responsible to issue permits for sections of the project that require placement of dredge and fill materials in waters of the U.S. including wetlands or for pipeline that crosses navigable waters. The 875-mile pipeline would carry a heavy crude oil mixture from . The Keystone XL tar sands pipeline is back in full force. Lets look at the argument for and against the project. 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. 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