Dear Brothers and Sisters,
I have dedicated my report to only one subject because I, along with Justin and the rest of my staff, agree it is the most value we can provide the clients. And we need to continue to capitalize on it now while the opportunity is at hand.
**Project Update** For almost a decade, the final leg of Keystone XL (KXL), which would transport oil from Alberta, Canada to U.S. refineries on the Gulf Coast, has been delayed, unable to the gain final approval from the U.S. State Department and the state of Nebraska. After the Trump administration and the Nebraska government gave their approval in 2017, activists sued to stop construction. TransCanada is still trying to salvage the 2019 construction season. If pre-construction is granted by March 15, pipeline work could begin in August.
The Keystone XL Pipeline is a 36-inch-diameter crude oil pipeline running from Hardisty, Alberta to Steel City, Nebraska. Once complete, KXL will allow market hubs in the Midwest and as far south as Texas access to approximately 1.1 million barrels of crude oil daily. This is nearly double the capacity of the current Keystone system. The $7 billion pipeline expansion will spark tremendous economic growth, support thousands of jobs for local laborers, generate millions in annual property tax revenue and strengthen American energy security.
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In your words, share how your life and your community is benefitted by the construction and use of natural gas pipelines.