Canada is the largest source of oil imports to the United States, providing nearly 2 million barrels of oil per day. The proposed Keystone XL pipeline would increase oil imports from our neighbor and ally by more than 830,000 barrels per day.
At the beginning of the 114th Congress, lawmakers passed legislation that would approve KXL rather than rely on a Presidential Permit. The desire to approve KXL was met with strong bipartisan support. However, Congress was stonewalled when President Obama vetoed the bill on February 24, 2015.
The President’s veto stems from a long history of repeatedly delaying construction of the pipeline, and for almost 7 years, the project has been in limbo.
Constructing the pipeline would create 42,100 jobs which would yield approximately $2 billion in earnings throughout the United States and add $3.4 billion to the U.S. Gross Domestic Product. The decision to further delay the project was made even though the Keystone XL pipeline proposal has been reviewed intensively by federal agencies and has been shown to be safe, environmentally sound and in America’s national interest.
The proposed pipeline — a nearly 875-mile expansion of the Keystone pipeline, would link oil sands from Alberta in Canada to refineries on the U.S. Gulf Coast.
AFPM will continue to support construction of the Keystone XL pipeline as a critically important source of energy and jobs that could fuel our economic growth and increase our national security. Canada provides a stable, steady and reliable source of oil to the United States. This oil will be even more important in the future as the United States’ energy demands increase.
Myth vs. Fact: Canadian Oil Sands & Keystone XL Pipeline
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