HARDISTY, Alta. - Lee Hayes and his coworker Dave Stuart have a blunt assessment of U.S. President Barack Obama's rejection of the Keystone XL pipeline: "It sucks."The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., where oilsands crude was to have begun its journey along Keystone XL."It creates a domino effect," Hayes says of the blow to the US$8 billion project. "Plus, the price of oil is down right now."Stuart agrees the nixing of [Read more]
How Stephen Harper’s old schoolmate helped kill the Keystone XL pipeline
WASHINGTON - One of the great ironies of the interminable saga of Keystone XL is that two of its principal antagonists were unaware that they went to grade school together.In the midst of one of the biggest environmental fights in American politics, the best-known activist on one side learned of his distant connection to the most powerful politician on the other: Stephen Harper.So these old grade-school alumni duked it out from a distance as the pipeline escalated from a regional land dispute to [Read more]
New Brunswick premier pitches Energy East pipeline as Keystone rejected by Obama
CHARLOTTETOWN - New Brunswick's premier says he's hopeful that U.S. President Barack Obama's rejection of the Keystone XL pipeline will give added impetus to an east-west pipeline that flows to his province.The lengthy saga of the Keystone pipeline ended Friday when Obama called Prime Minister Justin Trudeau to break the news.The U.S. president said the pipeline had become an important symbol — and rejecting it proved the U.S. intends to get serious at the upcoming climate summit in [Read more]
Some quotes on the US decision to reject the Keystone XL pipeline project
U.S. President Barack Obama rejected TransCanada Corp.'s proposed Keystone XL pipeline project on Friday. Here is some of the reaction to the decision:"The Canada-U.S. relationship is much bigger than any one project and I look forward to a fresh start with President Obama to strengthen our remarkable ties in a spirit of friendship and co-operation." Prime Minister Justin Trudeau in expressing his disappointment to the decision.———"We both agreed that our close friendship on a whole range of [Read more]
A look at the status of other pipeline projects in Canada
CALGARY - The U.S. government announced Friday it has rejected TransCanada's Keystone XL pipeline, which would have shipped crude from Alberta's oilsands to refineries in Texas.Here is an update on the status of other major pipeline proposals in Canada as well as a look at the amount of oil shipped by rail.Energy East:TransCanada, the same company behind Keystone XL, applied to the National Energy Board in October 2014 to build the Energy East Pipeline. The project aims to ship 1.1 million [Read more]
No to Keystone disappointing for Canada-U.S. relations: Saskatchewan premier
REGINA - Saskatchewan Premier Brad Wall says rejection of the Keystone XL pipeline is disappointing, not only for the energy sector, but also because of the signal it sends about Canada-U.S. relations.President Barack Obama this morning said no to TransCanada's application to build the pipeline, saying it would not serve U.S. national interests.Obama said the project had an overly inflated role in the political discourse between both countries.Wall says the U.S. administration is putting [Read more]
Key dates in seven-year history of TransCanada’s Keystone XL pipeline
The Obama administration has rejected TransCanada's application to build the Keystone XL pipeline that would connect Canada's oilsands to Gulf Coast refineries. Here are some key dates in the history of the pipeline proposal:July 2008: TransCanada Corp. (TSX:TRP) and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network, dubbed Keystone XL. The new addition is proposed to transport hundreds of thousands of barrels of oilsands bitumen from Alberta to [Read more]
TransCanada CEO Russ Girling responds to U.S. rejection of Keystone pipeline
CALGARY - TransCanada Corp. CEO Russ Girling issued a statement Friday after U.S. President Barack Obama rejected the company's proposed Keystone XL pipeline, which would have shipped oil from Alberta to Texas. Here is the text of the statement: We are disappointed with the President's decision to deny the Keystone XL application.Today, misplaced symbolism was chosen over merit and science - rhetoric won out over reason.The U.S. consumes over seven million barrels per day more oil than it [Read more]
Suncor’s attempt to dismantle Canadian Oil Sands takeover defence heads to ASC
CALGARY - The battle between Suncor Energy Inc. (TSX:SU) and Canadian Oil Sands (TSX:COS) heads to the Alberta Securities Commission on Nov. 26.Suncor has asked the provincial regulator to dismantle one of the anti-takeover measures adopted by COS directors so that COS shareholders can decide for themselves whether to accept a deal announced on Oct. 5.COS says its board is actually attempting to defend its shareholders from a bidder with an unfair advantage because it has access to private [Read more]
Pembina to spend $125M to build new Duvernay gas plant
CALGARY - Pembina Pipeline Corp, (TSX:PPL) says it plans to build a new 100 million cubic feet per day shallow cut gas plant near its Fox Creek Terminal, about 270 kilometres northwest of Edmonton.Pembina said Thursday that the estimated the capital cost of the Duvernay I project, including supporting infrastructure, is $125 million.It is expected to be in operation in the second half of 2017, subject to regulatory and environment approvals."In spite of uncertainty in commodity markets, [Read more]
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