State Department Finds No Environmental Objections to Keystone XL Construction

On January 31, the State Department released its final Environmental Impact Statement on the Keystone XS pipeline, concluding once again that its construction would have a net neutral effect on carbon emissions.

The study also confirms that the pipeline itself would have little to no impact on Canadian oil sands extraction rates or on global oil consumption. Canada will continue to develop the oil sands and consumers will continue to buy oil for the foreseeable future with or without the Keystone XL.

The relevant questions surrounding the pipeline’s construction are who will benefit from the development and transit of this resource and how will it make its way from Canada to the world market?

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