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POLITICO Energy
Inside Trump’s Keystone XL pipeline revival plan
Nov 22, 2024
Ben Lefebvre, an energy reporter for POLITICO, dives into President-elect Trump's plan to revive the Keystone XL pipeline on day one of his presidency. He explores the controversial history of the pipeline and its fading relevance amid a shift towards electric vehicles and changing oil demand. The discussion also touches on a new bipartisan transmission rule and the setbacks faced during global climate talks, painting a complex picture of fossil fuel politics in today's climate-conscious world.
10:42
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Quick takeaways
- Trump's plan to revive the Keystone XL pipeline involves political motivations aimed at countering Biden's policies and job creation claims.
- The revival faces significant challenges, including lack of company support, diminished infrastructure, and a more favorable domestic oil production landscape.
Deep dives
Trump's Keystone XL Revival Plan
Donald Trump aims to revive the Keystone XL oil pipeline, a project that has faced significant controversy over the years. Initially proposed to transport heavy crude from Canada to refineries in the U.S., the pipeline has been rejected multiple times due to environmental concerns regarding its impact on carbon emissions and climate change. Despite the project's inability to proceed during the Obama administration, Trump signed a permit for it in 2017, only for Joe Biden to revoke it soon after taking office. The context of Trump's renewed efforts is rooted in political motivations, as he positions himself against Biden's policies and seeks to reinstate infrastructure projects that he claims will create jobs and potentially lower energy costs.
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Discover
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