It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. First published on March 15, 2022 / 3:12 PM. 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. 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. Instead, they're a tarry fossil fuel called bitumen that's mixed in with clay, sand, rock and together, can be hard as a hockey puck. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. That very well may be the case as Valero, one of the largest prospective purchasers of Keystone XL's crude, has already told its investors the its future business is in international export. 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. A Warner Bros. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. 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. ", "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. By 2012 that number jumped to 3.2 million barrels. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Partly false. (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 . All times are ET. Our only agenda is to publish the truth so you can be an informed participant in democracy. Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. 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. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. All Rights Reserved. This story begins in Hardisty, Alberta, Canada with a company called TransCanada. 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. 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. In the weeks following U.S. President Joe Bidens decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project was in Phase 4 & just about completed and that it had been paid for by the time Biden pulled the plug. While it is true that the project had secured funding, which was largely expected to be paid out in 2021 and 2022, the claim is partly false, as less than 10% of the pipeline had been built by the time Biden formally revoked the permit. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. 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. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. 4 Min Read. 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. "In the month since Republicans took the House majority," they are trying to "impose a 30% tax on everything. There would have been no certainty that the pipeline could have produced a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. The 875-mile pipeline would carry a heavy crude oil mixture from . Sixteen years later, three phases of the Keystone project are complete. Without support from the U.S. government, its effectively halted. So, it actually would have nothing do with the current supply imbalance. Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. Nor would producers be obligated to sell that entire amount to the U.S. Facebook, Jake LaTurner ad, Feb. 24-Feb. 25, 2022, Email, Mike Howard, communications director, Rep. Jake LaTurner, Feb. 25, 2022, PolitiFact, "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role," Aug. 23, 2021, U.S. Energy Administration, "U.S. Imports by Country of Origin," accessed Feb. 25, 2022, Lead Stories, "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production," Feb. 24, 2022, C-Net, "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? Why now? 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. Copyright 2023 CBS Interactive Inc. All rights reserved. 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 moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. Although the extraction of oil sands is increasing in the U.S., transportation options from the Midwest to the Gulf Coast are limited. Examples of posts making this claim can be found here , here and here . 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 . Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. The US Supreme Court denied a request from the Trump administration to allow construction of the Keystone XL pipeline, upholding a lower court's ruling blocking a permit needed for the project . The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. It will also create up to 43,000 jobs, the majority of which will be permanent. Opponents suggest it will harm the environment. Pipe intended for use in. Copyright 2023 Politifact. 801 3rd St. S Keystone XL pipeline protest in April 2014 in Washington D.C./Credit: Susan Melkisethian. Keystone XL, a US$8-billion oil pipeline that was set to flow from Alberta to Nebraska, is officially scrapped, the project's owner, TC Energy, confirmed on Wednesday. Refining analysts say both. Campaign watchers rate the race as solid or safe Republican. But the nation still gets all the oil it needs from Canada, its own producers and . The current cost of oil takes partly into account the. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". Legal challenges continued against it, further stalling the project. 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). 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. Li Cohen is a social media producer and trending content writer for CBS News. 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. Temporary jobs are still jobs. At the time Mr. Biden halted its construction, the $8 billion expansion was only about8% complete, according to Reuters. The entire system without the XL extension stretches about 2,687 miles in total length. Get browser notifications for breaking news, live events, and exclusive reporting. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. This portion would transport oil over 435 miles through 36 pipe running from Cushing, Oklahoma to Port Arthur, Texas. Oil and Liquids TC Energy builds and operates safe and reliable energy infrastructure. 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. The leak was. "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. In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. Powered and implemented by FactSet. Former EPA chief: Keystone XL will be built, First published September 16, 2013: 3:58 AM ET, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19, These are your 3 financial advisors near you, This site finds and compares 3 financial advisors in your area, Check this off your list before retirement: talk to an advisor, Answer these questions to find the right financial advisor for you, An Insane Card Offering 0% Interest Until Nearly 2020, Transferring Your Balance to a 14-Month 0% APR is Ingenious, The Top 7 Balance Transfer Credit Cards On The Market Today, Get $300 Back With This Outrageous New Credit Card. It's generally cheaper to transport oil by pipeline than by ship, so refiners would likely opt for the Canadian crude. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. But the Trump administration revived the pipeline in early 2017. LaTurners office cited reports showing the two figures. State Disclosures, Director, Canada Project, International Program. Opinions expressed by Forbes Contributors are their own. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. The U.S. House tried for the . In a Wednesday statement, the Canadian developer TC Energy said that after reviewing its options with. Had construction continued, the pipeline would have entered service in 2023. 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. 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.". It is not shut down. To secure our energy independence for not only economic interests, but national security interests., Latest Energy & Utilities News and Updates. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). The claim appeared as a post (archived here) published on Facebook on May 10, 2021. One recent issue involves the passage of the Keystone XL pipeline. All rights reserved. The Natural Resources Defense Council works to safeguard the earth - its people, "And yet, we still have $100 per barrel oil.". The oil and gas industry forms the basis of a tight economic bond between the U.S. and Canada, which made the progress of Keystone XL such a protracted, high-stakes fight. 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