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Report: Keystone XL pipeline 'won't boost oil sands use' | Report: Keystone XL pipeline 'won't boost oil sands use' |
(35 minutes later) | |
The US state department has raised no major environmental objections to the Keystone XL oil pipeline from Canada to Nebraska, a new report finds. | The US state department has raised no major environmental objections to the Keystone XL oil pipeline from Canada to Nebraska, a new report finds. |
The proposed pipeline is unlikely to accelerate the pace of Canadian oil sands development, the report found. | The proposed pipeline is unlikely to accelerate the pace of Canadian oil sands development, the report found. |
It dismisses fears of environmental advocates that the proposed pipeline would increase carbon emissions and contribute to global warming. | It dismisses fears of environmental advocates that the proposed pipeline would increase carbon emissions and contribute to global warming. |
It is unclear whether President Barack Obama will now back its construction. | It is unclear whether President Barack Obama will now back its construction. |
Approval of the project "is unlikely to significantly impact the rate of extraction in the oil sands or the continued demand for heavy crude oil at refineries in the United States based on expected oil prices", the report finds. | |
Environmental opponents | |
The report does not directly recommend approval of the 1,408km (875 mile) pipeline, which would carry oil from western Canadian tar sands region to Nebraska. | |
Rather, it is described as a technical assessment of the project's environmental impact. | |
The pipeline would connect to already-built US pipelines to transport more than 830,000 barrels of crude oil daily to Texas refineries. | |
It would be built by TransCanada Corp. | |
TransCanada chief executive Russ Girling said on Friday he was "very pleased" with the report's findings. | |
The project, estimated at $7bn (£4.26bn), has become a source of significant political debate, with environmental advocacy groups saying it would contribute to global warming and pleading with Mr Obama to block it. | The project, estimated at $7bn (£4.26bn), has become a source of significant political debate, with environmental advocacy groups saying it would contribute to global warming and pleading with Mr Obama to block it. |
The opposition Republicans have long supported the initiative, saying it would boost the US economy, create jobs, and reduce North America's dependence on foreign oil. | The opposition Republicans have long supported the initiative, saying it would boost the US economy, create jobs, and reduce North America's dependence on foreign oil. |
The White House initially stalled the project in 2011 amid concerns it would damage the environment along the route, and Mr Obama has yet to endorse the project. | |
But US state department approval is required for the initiative as the pipeline crosses the US border. | |
Now, other US agencies including the Environmental Protection Agency have 90 days to comment before the state department issues its final recommendation to Mr Obama. | Now, other US agencies including the Environmental Protection Agency have 90 days to comment before the state department issues its final recommendation to Mr Obama. |
A decision is not expected for several months. | A decision is not expected for several months. |