What is S. 2554?
(Updated July 19, 2017)
This bill would authorize the TransCanada Keystone Pipeline, L.P. to finishing construction on it's extending legs.
S. 2554 would approve the Final Supplemental Environmental Impact Statement done on the pipeline in January 2014 — essentially green lighting the pipeline extension in terms of environmental impacts.
Argument in favor
Building the Keystone XL will generate thousands of jobs in the U.S., strengthen the country’s domestic energy supply, and potentially draw in billions of investment dollars.
Argument opposed
Keystone XL will transport tar sand oils— and extremely harmful fossil fuel—across thousands of miles of American soil, where a single spill could hurt scores of ecosystems, watersheds, and people.
Impact
People and wild organisms living around the Keystone XL Pipeline route, people in the oil and gas industry in the surrounding areas, Mary Landrieu's career.
Cost of S. 2554
A CBO cost estimate is unavailable.
Additional Info
Of Note:
The Keystone XL project has been stalled since 2008,
when TransCanada first filed an application for the pipeline. The State
Department, which has to approve projects that cross the U.S. border,
is still determining whether or not to grant a permit to the company.
Republicans and Democrats have repeatedly tried to pass legislation to get the pipeline up and running with no luck. Of course, even with support from both chambers, President Obama would still have to sign off on any bill related to Keystone.
The stakes in this fight are high for both sides. Environmentalists worry that approval of the project will effectively endorse the continued extraction of bitumen (otherwise known as oil sands or tar sands) in Canada, which has devastated the local environment and contributed to global warming. For TransCanada, which controls the world’s only landlocked oil reserve, the Keystone XL pipeline is their best bet for reaching an international market. For many members of Congress, the pipeline represents a potential source of jobs and income for their constituents, as well as a source of energy security.
Media:
NPRThe Washington Post
Open Secrets
(Photo Credit: Wikimedia Commons user Hillebrand, Steve)
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