TransCanada

Oil

Transcanada won't build Quebec oil port

Source: 
CBC

Transcanada’s scrapping of plans to build an oil export port in Quebec poses new challenges for the company’s Energy East pipeline proposal, CBC reports

AP file photo of sections of pipe for Keystone
Associated Press Photo
Oil

State Department won't suspend Keystone XL review

The State Department has rejected TransCanada's request to suspend its review of the Keystone XL pipeline, choosing to “keep that process in place” and complete its full analysis on the oil sands project.

At a State Department briefing, spokesman John Kirby said that the department formally notified the Canadian pipeline firm Wednesday. 

“We're not required to pause it based on an applicant's request. There's no legal basis to do that,” Kirby said. “To include interagency review and coordination and to allow significant coordination here, the secretary believes that it's most appropriate to keep that process in place.”

Alaska Senate OKs Transcanada buyout

Source: 
KTVA

Alaskan senators have approved and sent to the House a measure pushed by Gov. Bill Walker that authorizes funding for the state to buy out Transcanada’s share in the proposed AKLNG natural gas pipeline project, KTVA reports.

Keystone sign and pipes in Nebraska pumping station
AP Photo/Nati Harnik
Oil

Keystone backers look to Obama's successor to make the call

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.

Revenue up but profits down for Transcanada in 3Q

Source: 
The Wall Street Journal

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.

Oil

Q&A: Nebraska lands again at center of Keystone XL debate

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.

Oil

Obama will still make Keystone decision: Earnest

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.

TransCanada
Oil

Request to suspend Keystone permit review may delay decision past 2016 election

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.

TransCanada
Oil

TransCanada asks State to suspend license review for Keystone XL pipeline

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.

Obama to make call on Keystone 'before the end'

Source: 
Reuters

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.

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