% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Jun 25, 2013 7:01 PM Flag

    Oliver says Keystone pipeline would not add to greenhouse gas emissions

    Oliver says Keystone pipeline would not add to greenhouse gas emissions

    Christina Commisso, CTVNews
    Published Tuesday, June 25, 2013 1:58PM EDT
    Last Updated Tuesday, June 25, 2013 6:19PM EDT

    Natural Resources Minister Joe Oliver says if the U.S. bases its Keystone XL pipeline decision on “facts and science,” he’s confident it will be approved.

    His comments come after U.S. President Barack Obama said the pipeline must not “significantly exacerbate” greenhouse gas emissions if it’s to win his approval.

    Obama addressed the TransCanada project as he unveiled a national plan to combat climate change at D.C.’s Georgetown University on Tuesday.

    Obama said assurance that building the northern portion of Keystone XL will not result in greater greenhouse gas emissions "is absolutely critical in determining whether this project will be allowed to go forward."

    Oliver responded to Obama’s comments later Tuesday, saying: “On a net basis, I don’t see any increase on emissions.”

    The minister said 20 per cent of the crude transported by Keystone would come from North Dakota, Montana and Saskatchewan.

    “That’s lighter crude, which has significantly lower emissions,” Oliver said.

    He added that the remaining crude coming from the Alberta oilsands has the same or lower emissions than the heavy crude that the U.S. imports from Venezuela.

    “I just think if you look at the facts and the science we’re comfortable the project will be approved,” he said during a news conference in Toronto.

    Oliver said $7.6-billion pipeline, which would transport millions of barrels of oilsands bitumen a week from Alberta to Texas refineries, would be in the national interest of both the U.S. and Canada.

    “The economic advantages are obvious and overwhelming,” Oliver said, pointing to economic growth and increased government revenue.

    He added that the pipeline’s approval would be beneficial for national security “because the oil from Canada would be displacing oil from a les

89.39-2.41(-2.63%)Jun 24 4:00 PMEDT