Tag: Keystone XL
TransCanada sues United States over Keystone XL rejection, seeks NAFTA damages
Obama rejected cross-border crude oil pipeline last November, 7 years after it was first proposed TORONTO (Reuters) – TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim […]
Keystone XL writedown pushes TransCanada to $2.5 billion loss in Q4
President Barack Obama rejected Keystone XL because he claimed it would undermine efforts to combat climate change The U.S. rejection of the Keystone XL pipeline pushed TransCanada Corp. to a $2.5-billion loss in the fourth quarter. Meanwhile, the Calgary-based pipeline company said it’s weighing how federal changes to the environmental review process may affect timing of its controversial Energy […]
North American foreign ministers discuss clean energy, environment, security
North American foreign ministers meet in Quebec City QUEBEC _ Foreign Affairs Minister Stephane Dion hosts a meeting with his American and Mexican counterparts today with environment, security and clean energy on the formal agenda. The Quebec City meeting with U.S. Secretary of State John Kerry and Mexico’s Claudia Ruiz Massieu will set the stage […]
TransCanada NAFTA challenge could break U.S. winning streak, experts say
TransCanada seeking US$15B in damages over pipeline rejection CALGARY _As TransCanada prepares to launch a trade challenge over the rejection of the Keystone XL pipeline, the U.S. track record in similar disputes may not appear very encouraging for the Calgary-based company. TransCanada itself acknowledges that the U.S. has never lost a claim under the North […]
US oil export ban: Republican dominated House defies veto threat, votes to lift ban
US oil export ban began in 1975 WASHINGTON _ Defying a White House veto threat, the Republican-controlled House on Thursday approved a sweeping bill to boost U.S. energy production, lift a four-decade ban on crude oil exports and modernize the aging electric grid. The first major U.S. energy legislation in nearly a decade, the bill would […]
Can Trudeau play hardball with Obama over oil sands, market access?
Justin and Barack hit it off over climate change objectives. Will Canada now get a new oil sands pipeline? Judging by the sidebar meeting between President Obama and new Prime Minister Trudeau at the APEC Summit in Manila, Canada has just been schooled in the new political realities of global energy hard ball. A Canadian […]
The facts behind Obama’s decision to reject Keystone XL
Gasoline made from oil sands bitumen only 17% more GHG-intensive than average American gas Late last week, President Obama formally rejected Transcanda’s request to build its “Keystone XL” pipeline, which would have pumped oil derived from Canada’s tar sands to refineries on Texas’s gulf coast. The decision came after years of speculation as to whether the […]
TransCanada touts projects beyond Keystone XL, Energy East
TransCanada working on $13B in small, medium-sized developments CALGARY _ Major pipeline proposals like Keystone XL and Energy East may have been getting an awful lot of ink recently, but TransCanada Corp. wants its shareholders to also pay attention to the smaller, less splashy aspects of its business. In addition to the $35 billion in […]
Keep fossil fuels in the ground: A new supply-side climate strategy from Obama?
Obama’s words have opened new front in war on carbon, with more uncertain impacts than battles typically fought to curb demand – Cohan While President Obama’s rejection of the Keystone XL pipeline garnered headlines, it was his rationale for the rejection that may prove most historic. Rather than emphasizing particular concerns along Keystone’s route, Obama […]
Crude by rail boom not a given after Keystone denial
Crude by rail numbers also depend on oil prices, oilsands projects CALGARY _ Now that the Keystone XL pipeline has been rejected, it’s not a foregone conclusion that much of the 830,000 barrels a day that would have flowed through it will move on trains instead, industry watchers say. “I think that rail certainly will […]
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