Intelligence Memos: What’s the Real Deal with Keystone XL?


Title: Intelligence Memos: What’s the Real Deal with Keystone XL?

Author: Blake Schaffer

Publisher: C.D. Howe Institute

Date: November 21, 2017

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  • Additional export capacity was needed. According to NEB predictions, the Keystone XL approval will prevent a $10/barrel drop in oil prices, which would have decreased oil production investment in Alberta.
  • Oil sands emissions are not as disproportionately emissions-intensive as is commonly believed. Innovations are making oil sands extraction more efficient. Some facilities are only slightly more emissions-intensive than conventional oil.
  • Shipping oil by pipeline is safer and less emissions-intensive than by rail.

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