Keystone XL Pipeline

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Definition of 'Keystone XL Pipeline'

The Keystone XL Pipeline is a proposed 1,179-mile (1,897 km) long pipeline that would transport crude oil from Alberta, Canada, to Steele City, Nebraska. The pipeline would cross six states: Montana, South Dakota, Nebraska, Kansas, Oklahoma, and Texas. The project is owned by TC Energy Corporation, formerly TransCanada Corporation.

The Keystone XL Pipeline has been a controversial project since its inception. Opponents of the pipeline argue that it would increase greenhouse gas emissions and contribute to climate change. They also argue that the pipeline would violate the sovereignty of Native American tribes whose land it would cross.

Supporters of the pipeline argue that it would create jobs and boost the economy. They also argue that the pipeline would be a safer and more efficient way to transport oil than rail or truck.

The future of the Keystone XL Pipeline is uncertain. The project was approved by the Trump administration in 2017, but the Biden administration revoked the approval in 2021. The project could still be revived if the Biden administration changes its position or if a future administration reverses the decision.

The Keystone XL Pipeline is a complex and controversial project with far-reaching implications. The project has the potential to affect the environment, the economy, and the politics of the United States and Canada.

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