Obama rejects Keystone XL: Heavy oil still flows



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Report summary

On Nov 6th 2015 the US State Department recommended that TransCanada's petition to build Keystone XL (KXL) be rejected. President Obama agreed with the recommendation citing concerns that the pipeline would adversely impact climate change and would have limited to no positive impact on the economy. Wood Mackenzie did not expect KXL to be built before 2020 so this decision is aligned with our current view. This Inform considers the implications of this announcement.

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    Obama rejects Keystone XL: Heavy oil still flows

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  • West Canada heavy oil supply and takeaway capacity


  • Proposed West Canada heavy oil pipelines

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