Although its rarely been out of the news for the past few years, the proposed Keystone XL pipeline is front-page news again today with the new Republican controlled Senate taking it up as its first order of business. For me, the pipeline has become a potent symbol of much that is wrong in the Country.
For the proponents it’s the solution to our economic woes and will single-handedly free us from the specter of “foreign oil.” Although last I checked Canada was not the 51st State, and many of the jobs would be temporary construction jobs. To the opponents it will be responsible for completing our slide into a warmer planet bathed in carbon dioxide. They argue that stopping the pipeline will mean the oil stays in the ground. I am no expert on the economics of oil, but I think it is safe to assume the oil will get to market if the price is right, pipeline or no pipeline. As an aside, I am curious if the recent crash in oil price makes the project uneconomic.
And now the Senate is going to weigh in on a project that is both the subject of law suits and extensive review by the Administration. When the Republicans get a bill out of the Congress’s and to the Presidents desk, I hope he vetoes it to send a strong message. Congress meanwhile needs to stop wasting everyone’s time and tackle the harder policy question of how American can lead the world in producing clean, plentiful and affordable energy that does not pollute the planet. It’s a much harder ask but solving that will actually lead to sustained economic growth and a cleaner environment. Of course, while we make that transition it would be smart to keep our climate options open and leave the dirtiest forms of energy where they are — buried safe in the ground.Embed from Getty Images