Occasional Memo: Keystone XL Resurrection has Challenges
The final approval for 830,000 b/d Keystone XL was obtained today as the Nebraska Public Service
Commission voted in favor of the pipeline. However, due to environmental concerns, the preferred route
proposed by TransCanada was rejected, leaving the company to reevaluate its options. If shipper interest is
strong enough to outweigh the cost associated with the inevitable legal challenges, the project will likely go
forward, delivering more Canadian crude to the USGC in 2021.