Disputed oil pipeline to commence in April
A Canadian firm recently reported that it is planning to commence the construction of the controversial Keystone XL oil sands pipeline through the United States Midwest zone in the month of April. The construction of the pipeline will start after hiring customers and fund for this proposal which is opposed by numerous environmentalists as well as many American Indian tribes. Construction would start at the border crossing of the oil sands pipeline in Montana which would be a big milestone for a project that initially proposed in 2008.
The declaration came after the firm gathered $1.1 billion in investment from the provincial government of Alberta of Canada to unfold construction via 2020 and deals for the transportation of almost 575,000 barrels of oil on regular basis.
Rather than decreasing oil prices in the recent weeks, the Premier of Alberta Jason Kenney stated that resource-oriented economy of the province could not be capable for Keystone XL oil sands pipeline to be postponed until after the COVID-19 pandemic and a worldwide economic plunge have passed. This financing in Keystone XL is a large step to regenerate control of Canadian economic destiny and put it back in the hands of the owners of the environmental resources.