• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Members of Kenney’s UCP caucus nix NDP bid to seek details of failed Keystone XL deal

January 26, 202110:24 AM The Canadian Press0 Comments

Alberta Premier Jason Kenney

EDMONTON – Members of Premier Jason Kenney’s caucus have refused an Opposition NDP bid to make public details of Alberta’s $7.5-billion investment in the failed Keystone XL pipeline project.

The eight members of the governing United Conservative caucus rejected an NDP motion in public accounts committee today to ask Kenney for the details, along with any financial risk advice he was given when he made the investment last March.

At that time, the Keystone XL line was facing multiple court challenges and the emerging Democrat party candidate, now President Joe Biden, was on record against the cross-border pipeline.

The line was to take more Alberta oil through the U.S. Midwest and on to refineries and ports along the Gulf Coast to fetch a better price on overseas markets.

Biden promised in his election campaign to cancel Keystone and did so last week on his first day in office, saying more product from Alberta’s oilsands does not mesh with his larger goal of combating climate change.

Alberta has directly invested $1.5 billion with another $6 billion in loan guarantees, but the NDP says Albertans need to know the rationale Kenney used to make what it calls a risky decision and what the final bill will be now that the project is shelved.29dk2902l

Keystone XL

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Perpetual Energy Inc. announces extension of credit facility redetermination
  • Heavy crude edges tighter on first day of new monthly trade cycle
  • Oil executives say demand will rise, despite emphasis on renewables
  • ARC Resources and Seven Generations to hold special shareholder meetings on proposed business combination
  • Oil rises on vaccine optimism, U.S. stimulus

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.