Had the pipeline challenge been accredited, it will have generated an estimated $30 billion in tax and royalty revenues on this nation
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If the brand new U.S.-Canada commerce deal — particulars to return — revives the Keystone XL pipeline challenge, as U.S. President Donald Trump hinted in saying the commerce settlement had been reached, it will be an excellent deal for Canada.
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As Trump described it on Fact Social in saying he was briefly suspending his 50% tariffs on $28 billion value of Canadian items that have been supposed to enter impact August 19: “The good Keystone XL Pipeline, way back killed by Sleepy Joe Biden, could also be awoken from the grave!”
He additionally posted an AI-generated picture of himself dramatically ripping the pipeline out of a gravesite labelled “Buried by Biden” with an indication saying “KEYSTONE PIPELINE COMPLETELY FREE ENERGY, JOBS, AMERICA FIRST” between two American flags.
Given Trumps propensity for bombast, whether or not it truly occurs — and there’s no phrase but from the Carney authorities on Trump’s reference to the Keystone XL — is anybody’s guess.
But when it did, it will profit Canada.
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Had the Keystone XL been accredited, it will have generated an estimated $30 billion in tax and royalty revenues for Canada, with a $2.4 billion enhance to Canada’s GDP.
The unique proposal in 2008 for a 1,947-km pipeline — an growth of the prevailing Keystone pipeline community — was to ship 830,000 barrels a day of diluted oil sands bitumen from Hardisty, Alberta to refineries on the Texas Gulf Coast, on the market primarily to worldwide markets.
Challenge supported by Harper and Trudeau
The challenge was supported by each the Stephen Harper Conservative authorities and the Justin Trudeau Liberal authorities.
Regardless of that, it was initially vetoed by then U.S. president Barack Obama — not Biden — in 2015, after he dithered on the difficulty for seven years.
(Obama had the ultimate say as does any U.S. president on the Keystone XL as a result of the proposal crossed the Canada-U.S. worldwide border.)
Obama used his veto to burnish his “inexperienced” credentials throughout the Democratic Occasion, although he concurrently boasted — as he did to U.S. pipeline employees in Oklahoma in 2012 — that beneath his presidency, “we’ve added sufficient new oil and gasoline pipeline (within the U.S.) to encircle the earth after which some.”
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Obama’s state division twice instructed him after main evaluations of the challenge that the Keystone XL wouldn’t considerably enhance industrial greenhouse gasoline emissions, and that any various methodology of shifting crude oil from Alberta to the U.S. Gulf Coast would enhance emissions in comparison with the Keystone XL.
Finally, Obama’s Environmental Safety Company gave him a two-and-a-half web page opinion that learn like a highschool essay however mentioned what Obama needed to listen to — that primarily based on some extremely flimsy logic, Keystone would possibly sometime enhance emissions in comparison with different strategies of transporting the oil to the U.S.
Billionaire investor and Obama supporter Warren Buffett mentioned he ought to have accredited Keystone.
Washington Submit reality checker Glenn Kessler gave Obama “4 Pinocchios” for telling “whoppers” (lies) concerning the Keystone XL.
Hillary Clinton, Obama’s secretary of state, mentioned in 2010 that she was inclined to help the Keystone XL within the pursuits of U.S. power safety, however later flip-flopped whereas campaigning within the 2016 presidential election she misplaced to Trump.
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Keystone XL resurrected by Trump in 2017
The Keystone XL was resurrected by Trump in January 2017 after he defeated Biden, then Biden killed it on his first day in workplace in January 2021 after defeating Trump.
It was partially resurrected by Trump for the second time in April 2026, after defeating Kamala Harris within the November 2024 presidential election.
That mentioned, constructing the unique pipeline at the moment would face quite a few regulatory hurdles in addition to protests by environmental organizations and residents’ teams in each the U.S. and Canada, which have opposed the Keystone XL from the beginning.
The unique company backer of the challenge, TC Vitality, withdrew in 2021 after Biden vetoed it, costing the Alberta authorities $1.3 billion it had spent supporting the challenge.
The present plan is for a smaller model of the Keystone XL, often known as the 1,000-km Prairie Connector pipeline, to move 550,000 barrels of oil from Alberta’s oil sands to Wyoming, partly alongside the unique proposed path of the Keystone XL.
That challenge is co-sponsored by Calgary-based South Bow Corp. (the pipeline spinoff of TC Vitality) and its U.S. accomplice, Bridger Pipeline.
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