Canada’s plan to impose greenhouse-gas regulations on oil producers could sway the outcome of the Keystone XL pipeline battle — if regulators move fast enough.
“Canada is running out of time to offer U.S. President Barack Obama a climate change concession that might clinch the controversial Keystone XL oil pipeline,” Reuters reported Sunday.
Proposing new carbon-emissions rules for the oil and gas industry could influence the White House.
Obama has put climate change at the heart of his administration’s review of Keystone. And he told The New York Times in July that Canada could “potentially be doing more” to curb carbon emissions from oil-sands development.
But Reuters notes that longstanding plans to propose new rules have not yet come to fruition. “Two years of negotiations between the Canadian government and the energy sector to curtail carbon pollution have not produced an agreement,” the story states.
“The clock is running out,” the news service reports, because the U.S. State Department is wrapping up its review of Keystone XL.
TransCanada’s proposed pipeline would bring crude oil from Alberta’s oil-sands projects across the border en route to Gulf Coast refineries.