WASHINGTON (AP) — The company pleading for permission to build the Keystone XL pipeline looked beyond President Barack Obama on Tuesday in apparent hopes a future Republican president would greenlight the project. But the administration signaled it was in no mood to hand off the decision to the winner of the 2016 election.
TransCanada insisted its request for the U.S. to suspend its review of the proposed project had nothing to do with presidential politics even though a delay could thrust the decision a year or more into the future, likely putting it in the hands of Obama's successor. Questioning the motivation for the Canadian energy giant's request, the White House said "there might be politics at play" and Obama still intended to make the decision.
TransCanada—the company behind the beleaguered Keystone XL pipeline project—reported a 12-percent drop in profits in the third quarter—better than analysts’ expectations—but said revenue increased and cost-cutting would continue, The Wall Street Journal reports.
LINCOLN, Neb. (AP) — Nebraska is again at the center of the political debate over the Keystone XL pipeline as the company behind the project asks the State Department to pause its review of the proposal while TransCanada works with state officials to secure its preferred route.
The request marks the latest turn in the long-running battle between well-organized Nebraska landowners who oppose the pipeline and its developer.
TORONTO (AP) — The head of the company behind the Keystone XL pipeline denied Tuesday that political motivation was behind its decision to ask the U.S. government to delay consideration of the project.
The request by TransCanada to suspend its review of the Keystone XL pipeline could delay any decision until the next president takes office — potentially leaving the fate of the controversial project in the hands of a more supportive Republican administration.
The seven-year saga of the Keystone XL pipeline could drag on a bit longer now that TransCanada has asked the State Department to suspend its permit application, a delay that could extend past next year’s presidential elections and into the next administration.
Environmentalists celebrated the news Monday evening about the long-stalled project, which has become one of the most visible battlegrounds for the nation’s climate and energy debates. But backers of the pipeline, which would carry Alberta’s oil sands to Gulf Coast refineries, placed the blame squarely on the Obama administration.
President and CEO Russ Girling, in a letter to Secretary of State John Kerry, requested the suspension to allow the company to win approval of its preferred route through Nebraska. It filed with the Nebraska Public Service Commission in October, and the company expects that the process could take as long as a year.
The company seeking to build the Keystone XL pipeline from Canada's oil sands fields to the Gulf Coast on Monday asked the State Department to suspend the review of its permit, citing a desire to work on routing issues in Nebraska amid low oil prices and a difficult political climate.
TransCanada said there is precedent for seeking the pause in the permit review and that resolving questions of the project's pathway through Nebraska could take seven to 12 months, a timeframe that might carry the U.S. permit decision past the November 2016 election and into a new U.S. presidency.
White House Press Secretary Josh Earnest said President Barack Obama plans to make a final decision on a permit for TransCanada's Keystone XL pipeline "before the end of his administration," Reuters reports.
Six of 16 pipeline safety allegations against TransCanada are "partially substantiated," Canada's National Energy Board said in a report, but none of the allegations pose an imminent threat to workers, the public, or the environment, Reuters reports.
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.