Today, the U.S. State Department released its long awaited environmental assessment of the proposed Keystone XL pipeline. The study found that the pipeline will have no significant impact on climate change.
The release of the report marks a critical point in the drawn-out review of the project but is by no means the final step. The release of the report now kicks off a review by at least eight other U.S. agencies, the release of additional reports (including a National Interest Determination) and another 30-day public comment period.
Given the remaining bureaucratic, legal and political hurdles, a final decision on the pipeline could take anywhere from a couple of months to over a year.
If approved, the project would provide a safe and reliable way to ship Albertan bitumen to refineries in the U.S. Gulf Coast. Ultimately, the project would not only generate thousands of jobs in the U.S. but would also reduce America’s reliance on energy from foreign markets.
The Canadian Chamber of Commerce remains strongly supportive of the Keystone XL project and believes that the final approval of the project will help secure our energy partnership for generations to come.
More information on the review process and public comment period can be found at the U.S. State Department website: KeystonePipeline-XL.State.Gov