The Vice President of Keystone Pipelines says he’s optimistic that the last hurdle will be cleared in getting the Keystone XL pipeline under construction.
Robert Jones told an oil industry conference in Calgary that he’s optimistic that the U.S. State department will give the green light by the end of the year.
The pipeline will cost seven billion dollars, and stretch twenty seven hundred kilometres to the U.S. gulf coast.
Jones says timely approval is key — otherwise refiners on the U.S. gulf coast might look somewhere else for new supply.
He also touted the state of the art safety features of the proposed pipeline.
It is set to feature a satellite system for detecting leaks, and the pipeline can be switched off with the push of a button.
The extension would mean the whole Keystone pipeline would transport 1.3 million barrels of crude oil a day.
That would mean fewer tanker trucks on the roads.
