April 30, 2018

TransCanada Moving Forward With Keystone Project In Nebraska

According to Platts, TransCanada announced last week that it is in the process of acquiring land in Nebraska to complete the Keystone XL oil pipeline. A company spokesperson reported “discussions with landowners are going well.” Some state landowners had challenged the pipeline’s path, but late last year, the state Public Service Commission approved an alternate route for the project.

The Metals Service Center Institute supported the Keystone pipeline because it is a safer, less costly, and cleaner way to transport energy. Additionally, insufficient pipeline capacity—caused, in part, by delays in permitting for new pipeline construction—contributes to increased energy prices and market volatility. Timely approval of pipeline permits will increase employment opportunities for U.S. workers. A majority of Americans, and members of Congress from both parties support approval of the Keystone XL Pipeline and other similar projects for one overwhelming reason: they will create jobs in the energy sector and sustain jobs in other industries.

Until last year, approval of the Keystone XL Pipeline has been pending since 2008 despite the fact that the U.S. State Department has found the project will have a negligible effect on the environment and will create tens of thousands of jobs.