What is the keystone pipeline and what are the keystone pipeline pros and cons? So, for getting answers to such questions read this article till the end. The keystone pipeline system is an oil pipeline system in the United States and Canada, owned by TC Energy as of 31st March 2020. But, what is the main purpose of the keystone pipeline? So, the main purpose of the keystone pipeline is to transport the planet’s dirtiest fossil fuels, tar sands oil, to market. Let’s roll down to know more about the keystone pipeline pros and cons.
What Are Keystone Pipeline Pros And Cons?
So, the keystone pipeline pros and cons will make you more knowledgeable about the keystone pipeline.
- It can be a major job creation project
- It can be a major economic contributor
- It re-establishes the Alberta oil sands sector for Canada
- The problems from DAPL are generally associated with Keystone XL
- Support jobs for Keystone XL pay a low wages
- It adds more emissions to the atmosphere
- Tar sands oil is highly corrosive
So, understand all these pros and cons of keystone XL pipeline in detail.
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Keystone Pipeline Pros
While knowing the keystone XL pipeline pros and cons, let’s take a look at the keystone pipeline pros first.
It Can Be A Major Job Creation Project
One of the great pros of keystone pipeline is major job creation. For instance, the US State Department has estimated that the construction of the pipeline project could create up to 42,000 jobs over a two-year construction period.
It Can Be A Major Economic Contributor
It was found that the keystone pipeline contributed more than $3 billion annually to the US economy once it became operational. Also, it would create an estimated $2.4 billion for Canada.
It Re-Establishes The Alberta Oil Sands Sector For Canada
Construction of the keystone pipeline would provide more support for the sector and establish sales that could restore many of the local jobs. As per the report, the oil price slump from 2014 to 2016 has taken away more than 35,000 local jobs in Alberta.
Keystone Pipeline Cons
Now, understand the keystone pipeline cons.
The Problems From DAPL Are Generally Associated With Keystone Xl
If you are looking for the pros and cons of Keystone pipeline, then you will find that the Keystone pipeline has various issues associated with it. Therefore, the protest against the Dakota Access pipeline is often associated with the keystone pipeline.
Support Jobs For Keystone Xl Pay A Low Wages
Two out of five workers who work an oil industry job work for the local minimum wage at a fuel station. With less than 4k high paying construction jobs being generated by the project.
It Will Still Add More Emissions To The Atmosphere
Who benefits from the keystone pipeline shut down? The answer is the atmosphere. While going through the closing of the keystone pipeline pros and cons you will find the worst cons are the impact on the environment. Millions of pounds of carbon are still an issue, and it increases global warming.
Tar Sands Oil Is Highly Corrosive
The tar sands oil is called Bitumen, in which the petroleum is combined with clay, sand, and water to create a very thick mixture. And due to tar sands oil the interior of the pipeline gradually wears down.
What Is Bad About The Keystone XL Pipeline?
No matter how you look at it, Keystone XL would be bad for wildlife, especially endangered species. Many imperiled species live along the proposed pipeline’s path and in areas where tar-sands oil is produced. If the pipeline were built, it would decimate habitat these species rely on.
What Are The Pros Of The Keystone Pipeline?
The Keystone XL Pipeline will contribute to energy security, create tens of thousands of high-quality employment and local contracting opportunities as well as provide a substantial economic benefit to local communities across Canada and the United States.
Why Is The Keystone Pipeline Closed?
On November 6, 2015, the Obama administration rejected the Keystone XL pipeline project, citing economic and environmental concerns.
Why Are Pipelines Bad For The Environment?
Leaks, emissions, and other damage from pipelines can destroy vegetation, harm local wildlife, and add to local water and air pollution levels. Operators can help avoid these issues by strict inspection and maintenance routines.
How Much Oil Would The Keystone Pipeline Carry?
The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. If only the halt of that project was the sole source of surging energy costs at home and abroad. It’s highly likely that energy prices will remain elevated for some time to come.
Where Does The US Get Its Oil?
The top five source countries of U.S. gross petroleum imports in 2021 were Canada, Mexico, Russia, Saudi Arabia, and Colombia. Note: Ranking in the table is based on gross imports by country of origin. Net import volumes in the table may not equal gross imports minus exports because of independent rounding of data.
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While taking a look at the pros and cons of the Keystone pipeline you can say that the Keystone pipeline is the best option for the transportation of dirty fossil fuels. But, it has some negative effects on the environment. Therefore, the Keystone pipeline controversy will never end. Also, there are so many keystone pipeline facts and myths, including it would have set back the green economy, would have reduced US reliance on oil from the Middle East, etc. So, don’t pay attention to the myths because you now know the keystone pipeline pros and cons.
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