The Keystone XL oil pipeline will inject US$8 Billion into the North American economy. The project will create 13,200 high-quality jobs and is expected support 17,000 direct and indirect jobs in Canada.
The pipeline, from Alberta to Nebraska, will be 1947 km long and will carry 830,000 barrels per day. Once the oil reaches Nebraska, connections with existing facilities will take the commodity to the U.S. Gulf Coast refineries.
The Canadian National Energy Board approved the pipeline in March 2010, however the project has been battling controversy ever since. Fossil fuel affect on the environment, fear of oil spills, and litigation from various groups have all contributed to the delays.
The Alberta government sees the Keystone XL pipeline as critical to the future health of the Alberta economy. The pipeline is expected to be operational in 2023.
Source: https://www.tcenergy.com/announcements/2020-03-31tc-energy-to-build-keystone-xl-pipeline/
