• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Prentice says Keystone XL pipeline is in U.S. national interest, urges approval

March 13, 201311:16 AM BOE Report Staff

CP

 

NEW YORK – Former Conservative cabinet minister Jim Prentice says the Keystone XL oil pipeline is in the U.S. national interest and that President Barack Obama should approve it.

In a speech to the Financial Times Forum in New York, the CIBC executive stresses the importance of the Canada-U.S. relationship and says the two countries must work together to achieve North American energy independence.

A draft environmental report into the $5.3-billion pipeline released by the U.S. State Department earlier this month flagged no major environmental concerns with the project and said it was unlikely to speed up the pace of oilsands development.

It will be a few more months before Obama decides whether to sign off on the controversial project, which would deliver 830,000 barrels per day of mostly oilsands crude to U.S. markets.

Prentice, who handled the environment and industry portfolios when he was in government, says refusing Keystone XL would move North America away from energy security.

He says U.S. and Canadian oil producers would be forced to ship their crude by less efficient means, such as rail, and a rejection would provide an artificial competitive advantage to crudes from less democratic and market-oriented countries.

Keystone XL

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.