Document Type


Publication Date



The Keystone Pipeline and everything it entails has taken over the news and the majority of North America. Most people around the United States did not know the Keystone Pipeline already existed before all of the uproar and protesting began back at the end of 2011. The part of the pipeline that does not exist is the additional expansion, the Keystone XL Pipeline, which was proposed in 2008. Since the approval of the project in March 2010, the Keystone XL Pipeline has been a problematic proposition ever since the idea was introduced by the TransCanada Energy Company. While the project was originally developed as a partnership between TransCanada and ConocoPhillips, TransCanada is now the sole owner of the Keystone Pipeline System, as TransCanada received regulatory approval on August 12, 2009 to purchase ConocoPhillips' interest. TransCanada attempted to get a permit for the new pipeline for more than three years. Since the pipeline crosses international borders, TransCanada had to obtain a Presidential Permit through the State Department for construction of the portion of the pipeline that goes from Canada to the U.S. To this day, even though a substantial amount of the project is complete, protesters are still against the idea of transporting tar sands throughout Canada and the United States to refineries in Houston, Texas so that we will have additional sources of oil and fuel to supply our needs. The paper discusses the controversy, the accounting implications, the legal implications, and local press. Pictures Included.



Rogers, V. C., & Ethridge, J. R. (2014). Keystone XL Pipeline. Journal of International Energy Policy (JIEP), 3(1), 15-24.

Included in

Accounting Commons



Tell us how this article helped you.