Keystone XL survived politics but economics could kill it
August 4, 2017
LINCOLN, Neb. (AP) — The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics.
Low oil prices and the high cost of extracting Canadian crude from oil sands are casting new doubts on Keystone XL as executives with the Canadian company that wants to build it face the final regulatory hurdle next week in Nebraska.
The pipeline proposed in 2008 has faced dozens of state and federal delays, many of them prom...