Reuters blog archive
from The Great Debate:
The Oscar for Best Picture last month went to Argo, the Ben Affleck movie about the Canadian government’s help in spiriting U.S. diplomats out of Iran during the hostage crisis – which underscores the United States’ historic relationship with its closest ally, Canada. Back in the real world, however, the Obama administration is on the verge of severely damaging this strategic partnership with its poor handling of the proposed Keystone XL pipeline.
The State Department’s favorable draft environmental analysis, released on Friday, should pave the way for final administration approval of the pipeline. Of course, the State Department has already gone through this process once before. Then-Secretary of State Hillary Clinton deemed Keystone XL to be in the national interest – only to have President Barack Obama shelve the project in January 2012, during the run-up to his re-election campaign.
If Secretary of State John Kerry reaches the same conclusion as Clinton, as expected in coming weeks, the ball will be back in Obama’s court and the ultimate decision on this important project will be in his hands.
Obama must weigh the thousands of high-paying manufacturing and construction jobs that Keystone XL would create in the United States against the pressure to reject the project from environmental groups, including the Sierra Club. If the Obama administration gives Keystone the thumbs-down, not only would the White House unnecessarily forgo a project that would lead to significant job creation, domestic investment and reduced government debt but it would also do great damage to Washington’s relationship with our neighbors to the north.
from Chrystia Freeland:
Is oil like red meat or is it like tobacco? Your answer to that question determines how you feel about the North American boom in unconventional sources of fossil fuel, particularly the Canadian oil sands.
If you think oil is like tobacco, it is a strictly noxious commodity, which seriously harms its users and those around them. We should stop consuming it at once and at all costs. But if you think oil is like red meat, you take a more nuanced view. For the health of the planet, we should find greener alternatives to it whenever we can, but used wisely and in moderation it has an honorable role in the 21st-century economy.