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Keystone XL Pipeline Fate in Balance

Keystone XL Pipeline Fate in BalanceKeystone XL Pipeline Fate in Balance

Nebraska regulators will hear final arguments for and against TransCanada Corp’s proposed Keystone XL pipeline this week before deciding whether to approve its route later this year, the last big hurdle for the long-delayed project after President Donald Trump gave it federal approval. The proposed 1,897-km pipeline linking Canada’s Alberta oil sands to US refineries has been a lightning rod of controversy for nearly a decade, pitting environmentalists worried about spills and global warming against business advocates who say the project will lower fuel prices, shore up national security and bring jobs, Reuters reported. Trump's administration handed TransCanada a federal permit for the pipeline in March. But the line still needs a nod from regulators in Nebraska–the last of three states to approve its proposed path into the heartland. The project could be a boon for Canada that has struggled to bring its reserves to market. But demand for the line has declined since it was first proposed due to surging US production, lower prices and other Canadian pipeline projects.

 

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