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1 1 (January 22, 2021)

handle is hein.crs/govebsl0001 and id is 1 raw text is: Congressional SResearch Service Inforrmng the legislative d bate since 1914 _________________ Keystone XL Pipeline: The End of the Road? Updated January 22, 2021 On January 20, 2021, President Biden signed an executive order revoking the Presidential Permit for the cross-border segment of the Keystone XL Pipeline between Canada and Montana. The order asserts that the pipeline disserves the national interest and that leaving the permit in place would not be consistent with the Administration's economic and climate imperatives. The border crossing had been authorized under a 2019 Presidential Permit issued directly by President Trump, superseding a prior Presidential Permit issued by the U.S. State Department in 2017 under delegated presidential authority. President Biden was able to revoke the permit as the 2019 permit stated that it may be terminated, revoked, or amended at any time at the sole discretion of the President. In anticipation of the president's action, the pipeline's developer, TC Energy (previously named TransCanada) announced that the project would be suspended. Although TC Energy said it would review the decision ... and consider its options, it appears that the Keystone XL Pipeline project will not be completed. Keystone XL Pipeline Project Keystone XL was intended to transport oil sands crude from western Canada, and shale oil from North Dakota and Montana, to a hub in Nebraska for further delivery to Gulf Coast refineries (Figure 1). The project was motivated by historically constrained oil pipeline capacity for Canadian exports, which depressed Western Canadian oil prices. Development of Keystone XL had been controversial. Pipeline proponents argued for increasing U.S. oil supplies from a stable ally, which they argued offers economic benefits, especially jobs. Opponents expressed concern about greenhouse gas emissions, continued U.S. dependency on fossil fuels, and the environmental risk of an oil release. e i- n R h Se -~ 00 - ------

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