Why the odds are increasing for Keystone XL pipeline approval #oil
Why the odds are increasing for Keystone XL pipeline approval
January 15, 2014
The U.S. State Department is expected to release a final environmental impact report around the last week of January that will support the Keystone XL, bolstering the odds that President Barack Obama will approve the controversial Alberta-to-Texas oil pipeline
After more than five years of review, State is expected to release a voluminous Final Environmental Impact Statement that will include a major analysis of the surge in oil transportation by rail, growing markets for oil sands crude and climate change impacts. Observers expect the report to conclude that Canada’s oil sands will get to market with or without Keystone.
The report is expected to influence the President’s final word on the project, which would come after a 90-day national interest determination.