January 18, 2012 15:54 ET
CALGARY, ALBERTA--(Marketwire - Jan. 18, 2012) - The Canadian Energy Pipeline Association is disappointed with the decision by the US Administration to reject the Keystone XL project as currently proposed. This project intends to provide a reliable and safe source of oil for American refineries while at the same time offer significant economic opportunities for American and Canadian businesses and citizens.
The decision to delay the issuance of the presidential permit for this project is an indication that politics and emotions trump evidence and facts.
The pipeline industry has built and operated hundreds of thousands of kilometres of pipelines carrying different petroleum products for many decades. The Keystone XL project benefits from the most recent technological advancements in pipeline integrity and emergency management and subject to strict guidelines and procedures to protect the environment and the public during construction and operation of the pipeline. Those facts were clearly described and explained in the multitude of information and reports that the proponent submitted as part of its project application. Denying the project after being subject to so many thorough technical assessments puts into question the evidence-based regulatory process that is so important to preserve when major infrastructure projects are proposed.
Canadian Energy Pipeline AssociationPhilippe ReicherVP, Communications403email@example.com
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