Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

KEYSTONE XL: Here's Everything You Need To Know About The Ambitious Oil Pipeline That Has America Divided

Rob WileFeb 14, 2013, 17:42 IST

AP ImagesThe U.S. and Canada are still awaiting a decision on the construction of Transcanada's Keystone XL pipeline, which would deliver cheap Canadian crude oil to the midwest and the Gulf Of Mexico ports.

The latest word from Sec. of State John Kerry is that a decision will come the "near term."

The pipeline comes with the promise of more jobs and higher tax revenues.

However, it's unclear if it'll bring oil prices down and increase American energy independence.

However, it also comes with serious environmental risks that have high powered financiers like GMO's Jeremy Grantham worried.

This pipeline has the country divided.

We want to bring you up to speed on the state of the debate.