TransCanada’s Keystone XL Pipeline: Not in the U. S. Long-Term Interest
Summary . The Keystone XL pipeline is proposed to carry Canadian crude oil originating in the Alberta tar sands to coast of the U. S. Gulf of Mexico. As part of the approval process, the U. S. Department of State issued an Environmental Impact Statement on Aug. 26, 2011 , which, overall, supports construction of the pipeline. This post analyzes the report in the broader context of President Obama’s energy and environmental policies. It is concluded that the XL pipeline would not be in the long-term interests of the U. S. The project would not be consistent with the President’s policies promoting reduced emissions of greenhouse gases, since a) fossil fuels are burned to extract crude oil from Alberta tar sands, b) the additional flow of oil for decades means increased emissions of greenhouse gases when the refined oil is burned, and c) a considerable portion of the refined product is likely to be exported rather than being consumed domestically. ...