Open figure viewer
Significance
The Keystone XL extension is a major new proposed oil pipeline project, with implications for US-Canada trade (at a time of uncertainty surrounding NAFTA negotiations), Canadian oil producers, and the global oil market. Its prospects suffered a blow in November when Nebraska state regulators rejected the pipeline builder TransCanada’s preferred route, opting instead for a lengthier path through the state.
Impacts
Nebraska’s economy could lose out on millions of dollars in revenue if Keystone XL does not go ahead.
US President Donald Trump could be hurt politically if a project that he so publicly backed falls through.
Canadian Prime Minister Justin Trudeau faces provincial and local opposition to new pipeline projects.
Keywords:
United States,
NA,
Canada,
economy,
industry,
politics,
energy,
government,
infrastructure,
oil,
regional,
regulation,
environment,
foreign investment,
foreign trade,
judicial,
pollution
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2017
You do not currently have access to this content.
