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.
Table of contents
Obama rejects Keystone XL: Heavy oil still flows
Tables and charts
This report includes 2 images and tables including:
West Canada heavy oil supply and takeaway capacity