Industry Sources Admit Keystone XL Key to Tar Sands Development | Tar Sands Action
“The signs are there: the Keystone XL oil sands pipeline has festered into an uncomfortable election issue for the U.S. president, Barack Obama.
The upshot for Canada: a decision on whether to grant a Presidential permit, promised by year end, could once again be delayed.
The reality is that anything short of a go-ahead in December for Keystone XL would plunge the oil sands sector into disarray until new solutions move forward. The worst-case scenario? Stranded oil sands — for years.
Keystone XL, with a capacity to carry up to 830,000 barrels a day from Alberta to Texas, was due for startup in early 2013. There is no backup on the same scale or timeline.”
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