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Keystone Risk Worries U.S. Oil Sands Investors

2013-07-19 19:15:00| OGI

The timeline for U.S. approval of Keystone XL will make the planned start of operations in 2015 difficult says TransCanadas chief exec.

Tags: risk oil investors sands

 

TransCanada rebuffs EPAs call for Keystone clean energy

2013-07-19 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The U.S. Environmental Protection Agency says TransCanada Corp. (TRP) should be required to buy renewable power to run pumps along the route of its proposed Keystone XL pipeline, a measure the company said is unworkable and unnecessary. In a July 17 letter to the U.S. State Department, the Calgary-based company said the EPA suggested it buy renewable energy to run pumping stations from Alberta to Steele City, Nebraska. The EPA, in an April filing with the State Department, also said the U.S. should...

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TransCanada Says Keystone XL Start in 2015 Difficult

2013-07-19 09:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: TransCanada Corp. (TRP) Chief Executive Officer Russ Girling said the timeline for U.S. approval of the $5.3 billion Keystone XL pipeline project will make the start of operations in the second half of 2015 difficult. The CEO said a final environmental impact statement from the State Department may come in weeks, not months, after which there will be a 90-day review of whether the project is in the U.S. national interest. I hope a decision can be made this year, Girling said today in an...

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TransCanada Ramps Up Effort to Sway U.S. on Keystone XL Project

2013-07-19 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: TransCanada Corp. is seeking to bolster its case with U.S. President Barack Obama for the long-delayed Keystone XL oil pipeline, firing off a laundry list of reasons the company says the contentious project will have minimal influence on rising North American greenhouse gas emissions. TransCanada sent data from various studies on Canadian oil sands, carbon intensity and power used by pipelines to the U.S. State Department in response to Mr. Obamas recent remarks that elevated climate impact to...

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Keystone XL could hike gas prices as much as 40 cents a gallon

2013-07-17 17:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: If the Keystone XL pipeline is built, Americans could pay as much as 40 cents more per gallon for gasoline in some parts of the country, according to a new report by the nonprofit Consumer Watchdog. That`s because oil extracted in Canada would start to bypass traditional American markets, traveling through the pipeline to the Gulf Coast and onto tanker ships bound for international markets where oil fetches higher prices. "The pipeline is being built through America, but not for Americans,"...

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