The Keystone Xl ( Kxl ) Pipeline - 1314 Words

In the October of 2015, oil prices have dropped to their lowest since 2008 and Canada has lost over 35,000 jobs, and the value of the loonie has dropped to a mere 77 cents compared to the U.S. Dollar. As Canada desperately clings onto the failing economy, it turns its attention to The Keystone Pipelines. The Keystone XL (KXL) pipeline was an idea proposed in 2008 by the TransCanada energy company, to deliver 830,000 barrels of oil each day beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska. TransCanada claims to bring more jobs, energy security, and benefit to the Canadian and American economy. Yet, President Obama denied the proposal in 2015. Although it was a huge disappointment to Canada, the decision to deny permission for further construction of the pipeline was the right one. The future of Canada’s economy should not rely on the Keystone XL pipeline, because the devastating environmental risks, the instability of the oil industry, and Canadaâ₠¬â„¢s ability to expand other industries. The main reason President Obama rejected the proposal of Keystone XL was due to environment concerns. As quoted from Salon News â€Å"President Obama’s decision to deny permission for construction of the Keystone Pipeline may turn out to be a momentous event in the history of our efforts to protect our planet from environmental disaster.† The construction and use of Keystone XL will greatly risk the environment, and because of this, it should not be built, and CanadaShow MoreRelatedThe Keystone Xl Pipeline And Its Impacts On Gas And Energy Prices Essay2011 Words   |  9 PagesLiterature review Small introduction†¦. for these reasons debate continues over the pipeline and deserves serious consideration of the review of these four questions: 1. Why has the Keystone XL Pipeline remained so controversial politically? 2. Will the Keystone XL Pipeline bring economic stimulus and jobs? 3. Will the Keystone XL Pipeline have measurable impacts on gas and energy prices? 4. Will the Keystone XL Pipeline undercut the United States efforts to be a leader in climate change and environmentalRead MoreThe Keystone Pipeline System Controversy1998 Words   |  8 Pages the Keystone pipeline system controversy has caused a major disturbance in the political regime due to its heavily disputed factual evidence. Ever since construction began in 2008 and it was commissioned in 2010, the Phase I portion of the pipeline has been haunted by talk of the possible expansion causing disorder among environmentalists and preservationists. While Phase II and Phase III have been completed since the current date, Phase IV, commonly referred to as the Keystone XL pipeline, has