However, existing Canadian oil pipelines all go to the Midwest, where the only buyer for their crude is the United States. COVID-19 vaccines "provide zero benefit relative to risk for the young and healthy.". 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 . 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. was to carry about 830,000 barrels a day of . Solid green shows the full length in operation and the dotted green line shows the proposed Keystone XL project that was halted in January 2021: Lead Stories has debunked other false claims about the Keystone Pipeline projects impact on gas prices here and here. 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. Discovery Company. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Li Cohen is a social media producer and trending content writer for CBS News. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. All Rights Reserved. Although Alberta is now on . 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. 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. Its proposed route in Nebraska cut through the Ogallala Aquifer, the groundwater source for millions of Plains states residents. update email soon. 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. 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. Fish & Wildlife Service. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. TC Energy planned to invest the remaining $2.7 billion to fund the project. Although the extraction of oil sands is increasing in the U.S., transportation options from the Midwest to the Gulf Coast are limited. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. Building the Keystone XL pipeline would have fostered the expansion of the Canadian oil sands industry by increasing access to U.S. markets and international ones through exports from the Gulf Coast. 2023 CNBC LLC. 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. 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/). This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. 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. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. 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. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). 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. 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. 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. The total capacity of both is expected to be about 1.3 million bpd. Got a confidential news tip? While the Dakota Access pipeline is moving oil out of North Dakota now, its future is uncertain because of court challenges that still haven't been resolved. 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). Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. Fourth is the U.S. (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 . Powered and implemented by FactSet. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. One of them sparked outrage on Facebook over its effect on American jobs. 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. Pipeline opponents are invigorated by the Keystone XL decision and hope for more wins. But It's Definitely Changing, In A Landmark Case, A Dutch Court Orders Shell To Cut Its Carbon Emissions Faster, 'Energy Justice' Nominee Brings Activist Voice To Biden's Climate Plans. By claiming that the project was in Phase 4 of construction, the posts seem to conflate the Keystone XL Pipeline with the larger Keystone Pipeline System. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. Here is a map of the current Keystone Pipeline from the company's website. 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. These typically exist in community groups and environmental organizations. Those in favor of the pipeline have several diverse points which bolster their opinion. 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. From Canada's perspective, the problem with existing pipelines is they all end in the U.S. Midwest and only allow one buyer - the United States. Canada is our largest trading partner and is important to U.S. job creation. 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. The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. The project has become a matter of intense debate in the United States. The developer has now canceled the controversial project. The Keystone pipeline does not carry gasoline. Canceling the Keystone Pipeline Is a Mistake. 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. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. 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. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. For example, the pipeline will increase the diversity of the U.S. petroleum supply. TC Energy already had suspended construction in January when President. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. Note: if reading this fact check makes you want to contact us to complain about bias, please check out our Red feed first. stated on February 26, 2023 an Instagram post: stated on February 8, 2023 a Facebook post: stated on February 7, 2023 a post on Facebook: stated on February 6, 2023 an Instagram post: stated on January 25, 2023 an Instagram post: stated on February 4, 2023 a Facebook post: stated on January 27, 2023 a Facebook post: stated on January 23, 2023 an Instagram post: stated on January 15, 2023 an Instagram post: stated on January 12, 2023 a Facebook post: stated on January 5, 2023 a Facebook post: stated on January 3, 2023 a video shared on Instagram: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: stated on February 15, 2023 in a Facebook post: stated on February 26, 2023 in a video on Facebook: stated on February 25, 2023 in an Instagram post: stated on February 18, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, Russian President Vladimir Putin intercepts adrenochrome shipment headed to United States., "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role,", "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production,", "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? Copyright 2023 CBS Interactive Inc. All rights reserved. All times are ET. 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. The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000. 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.". 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. "Keystone would have helped ease those fears while giving America the flexibility to counter Russian aggression by expanding energy exports to Europe," she wrote. We use Mailchimp as our marketing platform. Carry diluted bitumen, the figure was 595,000 be used in the construction of the Keystone XL divert! 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